EU considers gas price cap extension to avert winter crisis- FT

Lallalit Srijandorn FXStreet

The European Union (EU) is considering extending an emergency gas price cap imposed in February, amid concerns that the Middle East crisis and sabotage of a Baltic pipeline could push prices up again this winter, according to the Financial Times on Sunday,

Furthermore, the European Commission said that there has been "no indication of negative effects" since the policy went into effect, and that natural gas prices are now about 90% cheaper than last year, Reuters added.

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Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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