EU in furious bust-up as bloc’s bickering delays action on crippling energy crisis

However, he said he had a “good feeling” that EU nations can strike a deal next week as the only remaining hurdle to overcome is reaching an agreement on the level of a price cap. He claimed members have already reached a consensus on other details such as excluding private gas trades outside energy exchanges from the cap. 

He told a news conference: “I think we are almost there, but now we need to get together and show that unity is not an empty word.” 

Despite this, a number of rebel countries oppose the price cap measure. These include Germany, Austria and the Netherlands, who have warned that the cap could divert much-needed gas cargoes away from Europe and cause even more chaos to the volatile energy markets. 

But on the opposing side, countries such as Greece, Belgium, Italy and Poland have demanded a cap as they claim it would help to shield their economies from sky-high energy prices.

READ MORE: UK’s energy exports to France over 11-hour period laid bare 

Article source: https://www.express.co.uk/news/science/1709338/eu-bust-up-gas-price-cap-energy-prices-russia