Norway is "skeptical" about possible EU gas price caps

On Friday, the EU energy ministers spoke out in favor of a series of emergency measures to cushion the explosion in energy costs.

Norway is "skeptical" about possible EU gas price caps

On Friday, the EU energy ministers spoke out in favor of a series of emergency measures to cushion the explosion in energy costs. Price limits for gas imports are also up for discussion. The EU Commission had proposed a cap only for gas from Russia. However, several countries, including Italy, advocate setting a maximum price for all gas imports.

During the war in Ukraine, Norway increased its gas supplies to the EU by around eight percent. The fact that the Scandinavians are now Europe's number one gas supplier is mainly due to the sharp drop in supply volumes from Russia.

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