Proposed cap for wholesale gas prices
Letter from Europe: Retail gas market intervention safer than wholesale
The EU’s proposals to cap wholesale gas prices could result in unintended consequences
The European Commission has an impossible task: to advance a legislative proposal that seeks to limit upside to gas prices without simultaneously endangering security of supply. Any price cap is market distortionary by nature and entails very significant risks as it can limit Europe’s ability to attract LNG. Additionally, a cap set at or below market prices could curtail the market’s ability to trigger the demand reductions necessary to inject enough gas into storage over the course of next summer in preparation for winter 2023–24. As a result, there are only two ways in which a price cap could be implemented while still limiting its dangers to Europe’s security of supply. One option would b
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
