As Russia’s invasion of Ukraine has caused gas prices to rise again in Europe, French Economy Minister Bruno Le Maire announced that he had proposed to the other EU Member States that they put in place a EU27 cap on gas prices, on Friday 18 March, during a hearing before the Finance and Economic Affairs Committees of the French National Assembly.
According to him, this would allow Member States to negotiate a price as the EU27 that is a capped price with the EU’s three main gas...