EU energy ministers to discuss "gas price cap"

- EU Commission will present package with new proposals on energy next week

EU countries set to discuss on Wednesday ways to tackle the energy crisis, imposing a price cap on natural gas, and preparations for winter.

EU leaders held a summit last week where high energy prices were the main agenda, and this issue will be discussed at the ministerial level today, the EU commissioner for Energy Kadri Simson said ahead of the meeting of energy ministers of 27 member states in Prague, Czechia, the EU term president.

Simson said that he will make a presentation to the ministers about the ongoing work of the Commission in the field of energy, and they will first aim to reduce the gas demand and encourage cooperation among the members.

'We will intervene in gas prices,' Simson stressed, adding that EU countries will also facilitate joint gas purchases.

He also said that all of these regulations should be applied altogether to help limit prices and ensure supply security.

Noting the awareness of the urgency of the situation, Simson said that they need to reach a consensus and act together.

Simson also emphasized that the ministers will present their views on the introduction of a gas price cap, and said, 'The commission will present the package containing new proposals on energy next week.'

Simson added that preparations for the winter period and the situation in nearby countries will also be discussed at the meeting.

Meanwhile, Czech Industry and Trade Minister Jozef Sikela also said that discussions will take place on how to limit the impact of gas prices on electricity prices, in particular.

Special focus will also be given to how to provide sufficient energy at affordable prices for EU countries and the functioning of the electricity market and possible changes in this area, according to Sikela.

Reporting by Ata Ufuk Seker in Brussels

Writing by Ebru Sengul Cevrioglu

Anadolu Agency

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