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Bloomberg
The European Union’s executive arm plans to discuss the feasibility of imposing a price cap on natural gas in a document to be presented to member states Wednesday, postponing the publication of a broader action plan on how to deal with soaring costs of the fuel.
The European Commission is under pressure from the bloc’s 27 governments to come up with proposals to rein in an unprecedented energy crisis that fuels inflation and threatens to spark a recession. But while some EU nations want a ceiling on the price of gas, the commission has been wary of such a solution.
, arguing it needs more time to assess the impact on demand for the fuel and on the region’s security of supply.