EU bodies issue gas price cap warnings
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
The EU’s plans to introduce a cap on TTF gas prices from 15 February have yet to result in any “significant impacts, positive or negative”, according to two of the bloc’s agencies. The European Securities and Markets Authority (Esma) and the Agency for the Cooperation of Energy Regulators (Acer) collaborated on two linked reports about the risks associated with the market cap mechanism. Both reports state that, while the plans are yet to have an impact, there could be “potential market effects in the future”. The two agencies have been tasked with responsibility for monitoring and reviewing both the markets and the functioning of the price cap, in conjunction with the European Commission. Eu
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region