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E15: EU ministers will be discussing the energy crisis. Gas price caps are not expected

An emergency meeting of EU ministers will be held today to discuss the dramatic rise in energy prices. The gas price cap is unlikely to happen, but other proposals are expected to be approved. Our research fellow Michal Hrubý commented on the situation.
30. September 2022

„Představené kroky musí dát jasnou odpověď evropskému průmyslu, co lze očekávat v nejbližších měsících a výhledově na další rok, a zároveň uklidnit domácnosti, že nepřijde další brutální cenový šok.“

„Pokud by se plošně zastropovaly ceny vybraných surovin příliš nízko, flexibilní trh se zkapalněným zemním plynem (LNG) nebo ropou zareaguje přesměrováním svých tankerů nejprve do ziskovějších regionů. To si Evropa v situaci bez nových dlouhodobých kontraktů zatím nemůže dovolit.“

Read the full article in Czech here.

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