• About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy
Thursday, February 9, 2023
SUBSCRIBE
London Daily Post
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
London Daily Post
No Result
View All Result
ADVERTISEMENT

EU nations seek joint approach to contain energy price

Editorial Board by Editorial Board
September 9, 2022
in World News
Reading Time: 3 mins read
0
EU nations seek joint approach to contain energy price


Brussels
Brussels

The European Union has stepped up efforts to protect people from rising energy costs that could throw millions into the cold and poverty this winter, as Russia’s war in Ukraine pushes up global oil prices. energy

Energy ministers from the 27 member countries met in an emergency meeting in Brussels and hoped to overcome divergent views on various proposals to keep gas and electricity prices within the affordable range.

They range from unexpected taxes on some companies to setting a price cap for buying Russian gas.

Officials said ministers were unlikely to reach a full deal on Friday, with the implementation of a price cap on Russian gas among the outstanding issues.

They could agree to provide liquidity support to energy companies to deal with the emergency situation and measures on how to impose electricity reductions similar to those already agreed on gas.

“There is no time to wait and we must be quick and united,” said Jozelf Sikela, the Czech Republic’s industry minister, who chaired Friday’s meeting.

In the Netherlands, #NextGenerationEU we will invest massively in offshore wind power, achieving our energy and climate security goals.

— Ursula von der Leyen (@vonderleyen) September 8, 2022

Despite the urgency, with the first chill in the morning air in several northern nations heralding the start of autumn, ministers will only give guidance to the Executive Commission, which will present a firm proposal to member states next week.

Member states will then reassess themselves, with the hope that a firm decision can be made early next month.

The European Commission has already called for a price cap on Russian natural gas and is seeking a “solidarity contribution” from European oil and gas companies that have made windfalls from rising energy costs.

The energy crisis not only threatens homes, but also industry, with fears that energy-intensive factories could be forced to close.

European Commission President Ursula von der Leyen said Russia is “blackmailing” the EU with its threat to cut off gas to the bloc.

Moscow has already partially or completely cut off gas supplies to 13 EU countries.

The Russian pipeline accounted for 40% of all gas imported into Europe before President Vladimir Putin ordered the invasion of Ukraine in February, but now accounts for just 9%.

The Commission believes that the EU is ready for winter, with joint gas storage levels of 82%; well ahead of the 80% target that had been set for the end of October.





Source link

Share this:

  • Twitter
  • Facebook

Related Posts

EU nations seek joint approach to contain energy price
World News

Missing radioactive capsule found in Australian outback after huge search | World News

February 1, 2023

A radioactive capsule has been found that fell from a truck in the Australian outback, prompting a radiation alert and...

EU nations seek joint approach to contain energy price
World News

World News | BBC Documentary: Russia Accuses British Broadcaster of ‘waging Information War’ Against Those Pursuing Independent Policy

January 30, 2023

Moscow, Jan 30 (PTI) Russia has accused the BBC of "waging an information war" on multiple fronts, not only against...

EU nations seek joint approach to contain energy price
World News

Reuters World News Summary | Law-Order

January 28, 2023

Below is a summary of current world news.EU president says Ukraine has unconditional support ahead of summitEuropean Commission President...

EU nations seek joint approach to contain energy price
World News

World News Roundup: EU wants to send more migrants away as irregular arrivals grow; Frank talks and frustration: How the U.S. got to yes on Abrams tanks and more

January 26, 2023

Below is a summary of current world news. Analysis: Italy's Meloni belies radical image in cautious first 100 days ...

Next Post
EU nations seek joint approach to contain energy price

How conservative Facebook groups are changing what books children read in school

POPULAR

EU nations seek joint approach to contain energy price
Tech News

Trapped by grief algorithms, and image AI privacy issues

February 6, 2023
EU nations seek joint approach to contain energy price
Tech News

Fighting pregnancy misinformation, and the ethics of organ donations

February 3, 2023
EU nations seek joint approach to contain energy price
Entertainment

Michelle Obama launching podcast based on ‘Light We Carry’

February 1, 2023
  • About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy

© 2022 London Daily Post. All Rights Reserved.

No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports