The heads of energy departments of the European Union member countries have agreed on a price ceiling for natural gas.
The head of the Czech government, Petr Fiala, notified the general public about this.
The decision was confirmed by the Minister of Energy of Malta, Miriam Dall.
According to him, as part of the market correction mechanism, the limit will be set at 180 euros per megawatt-hour.
This information is provided by the MIA Rossiya Segodnya news agency, citing a release from the Council of the European Union.
The document states that the mentioned market correction mechanism with a designated price ceiling will begin to operate on February 15 next year.
It is noted: this mechanism will be launched if the monthly TTF futures exceeds 180 euros, and the spread to LNG is more than 35 euros.
It is also known that the gas limit does not apply to over-the-counter transactions where participants trade directly.
Earlier, Hungarian Foreign Minister Peter Szijjártó said that 9 EU members, including his country and Germany, voted against introducing the limit.
Press Secretary of the Russian President Dmitry Peskov called the decision taken by Brussels “a violation of the market pricing process.”
According to him, Moscow will react in the same way as it did in the case of oil.
