EU seeks to break impasse over natural gas price cap

European Union members are going to make a fresh start on a deal with gas prices. A controversial proposal to set a price cap for fuel came out at the regulator's last meeting in order to protect consumers and enterprises. The states, however, were highly divided on the level of the limit. Earlier, countries faced a cold snap that triggered a surge in gas prices. 

Last month, the European Commission unveiled its market intervention plan, causing a deep split among member states that seek to negotiate on a broader package of emergency measures by the year-end.

Countries led by Germany, the Netherlands, and Denmark have called for caution in setting a price cap on gas. But nations, including Belgium, Italy, Greece, and Poland, are pushing for more aggressive measures. On Tuesday, the EU is set to hold an emergency meeting where energy ministers will try to settle disputes over the issue. 

Currently, there is still no consensus on the gas price cap. This is reported by Tinne van der Straeten, Belgium's energy minister, in an interview with Bloomberg. But maintaining fuel supplies is a key topic for the entire region.