Germany May Consider European Gas Price Cap

Berlin is willing to consider a price cap on gas citing a text message sent by Germany’s economy minister to energy ministers across Europe. <br />Robert Habeck says that Berlin might consider capping the price of gas at a Sept. 9 emergency meeting of European Union energy ministers, which is set to tackle soaring costs due to curbed gas supplies from Russia. <br />Habeck says Germany faces the bitter reality that Russia will not restore gas supplies to the country, ahead of a planned halt by state energy giant Gazprom of exports to Europe via the Nord Stream 1 pipeline.