What impact would an EU price cap on natural gas have? | Inside Story

The European Union’s energy ministers met for the fifth time in a hurry, but they couldn’t agree on a EU price cap for Russian gas, so the meeting ended in a stalemate.

The bloc wants to punish Moscow by paying less for its gas, while protecting consumers from prices that have soared since the Ukraine war began.
The split is between those wanting tough measures and those fearing that too low a cap might affect supplies.

That could happen if producers sell to other markets instead of the EU as higher rates are on offer elsewhere.

The ministers are hoping to reach a compromise at another round of talks next week.
But can the deep divisions within the EU be overcome?

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