European Union energy ministers agreed to a 'dynamic' cap on natural gas prices Monday after two months of intense negotiations.
European Union energy ministers agreed to a "dynamic" cap on natural gas prices Monday after two months of intense negotiations.
Environmental campaigners argue the risk of sabotage or an accident makes fossil infrastructure a "ticking time bomb."European Union energy ministers agreed to a "dynamic" cap on natural gas prices Monday after two months of intense negotiations. The measure will apply from Feb. 15. When applied, it will set a "dynamic bidding limit" on natural gas futures transactions for 20 working days.Sikela stressed that it is not a strict cap, as prices could potentially go above the limit if prices on the LNG market go above a certain level. "In other words, this is not a fixed cap but a dynamic one," Sikela added.
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