The European Union (EU) is considering backing investments in overseas fossil fuel infrastructure and moving to long-term contracts to cut the high energy prices, which are damaging European industries, according to a proposal seen by newswires.
This move would mark a major change in the bloc’s energy policies, strengthening Europe’s link to LNG, which it eventually wants to phase out.
| Subscriber content | ||
![]() This content is available only to subscribers please log in below or subscribe now / request a free trial |
||
|
|
||