MThe EU energy ministers postponed the decision on the gas price ceiling until December, the head of the Hungarian Foreign Ministry said. Russia has repeatedly stated that it will stop supplying energy resources to countries “making political decisions” about the ceiling
The EU energy ministers at a meeting on November 24 could not agree on the ceiling of prices for Russian gas. The next meeting will take place, presumably, on December 13, Hungarian Foreign Minister Peter Szijjarto said, Reuters reports.
“Today at the meeting, no decision was made that would meet the general goals of the European Commission, because a significant part of the member countries, including us, defended the point of view that it is impossible to make decisions on solidarity measures in the gas market without, in our opinion, illegally interfering in the work of the gas market.”raquo;,— he said.
The head of the Hungarian Foreign Ministry said that the proposals made at the meeting were unsuccessful because they threatened the energy security of Europe.
According to Politico, the ministers reached an informal agreement on the least controversial elements of the package of measures to combat the energy crisis, but could not agree on the final mechanism. Representatives of Belgium, Spain, Italy, Poland and Greece made it clear that they would not agree to the package as a whole until the mechanism was thoroughly worked out.
Earlier, La Repubblica wrote that the EU could postpone the discussion until the next summit. The newspaper noted that, according to the EU plan, the restriction comes into force if the gas price for at least two weeks exceeds 275 per 1 MWH on the Amsterdam Stock Exchange, and the difference with the LNG price should be greater than 58 for at least ten days. According to the publication, even at times of peak prices, these two conditions were not met simultaneously.
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The introduction of marginal prices for Russian gas in September was supported by the head of the European Commission, Ursula von der Leyen. She noted that the EU countries managed to fill the storage facilities by 80% even earlier than planned. However, the final agreement could not be reached. According to the FT, at least ten EU countries supported the introduction of a price ceiling for all suppliers, not just from Russia.
Against the background of gas shortages in Europe, prices for energy resources and products have increased. The European Commission has warned residents about the upcoming difficult winters.
Russian President Vladimir Putin, speaking about plans to limit prices for Russian energy carriers, threatened to block oil and gas for countries where political decisions will be made that contradict contractual obligations. “We will have only one thing left: as in the famous Russian fairy tale, to sentence: “Freeze, freeze, wolf’s tail,” he said.
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