Oct 21 (LNGJ) - European Union leaders failed to reach an agreement on a cap on natural gas prices, ending the latest round of discussions to try and control energy markets to curb price rises partly caused by the cut-off of pipeline gas to Germany and the EU by Gazprom of Russia.
The latest failed attempt to cap natural gas prices followed opposition from several countries. Only 15 out of the 27 member states firmly support the policy of gas price controls. The EU statement added that EU energy ministers would meet in Luxembourg on October 25 for further discussions on the issue.
