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EU gas prices have soared this year as Russia slashed gas deliveries to Europe following its invasion of Ukraine, although even a record-breaking price spike in August would not have triggered the EU's proposed cap.

After months of infighting among EU countries who disagree on whether to cap energy costs, the European Commission last week proposed a price cap that would kick in if the front-month Title Transfer Facility gas price exceeded 275 euros per megawatt-hour for two weeks and was 58 euros higher than a liquefied natural gas reference price for 10 days.



But gas price caps have split the 27-country bloc.
While Italy, private taxi Volos Airport greece Spain, Belgium, Malta and Greece criticised the proposed cap for Pelion guided tour being too high or unlikely to ever kick private day tours in Katigiorgis greece, Katigiorgis greece taxi fare to airport countries including Germany and piraeus bus to Pelion the Netherlands are sceptical of capping gas prices - warning that this could deter suppliers from sending much-needed gas to Europe.

The EU proposal came under fire from countries in favour of a gas price cap to reduce citizens' high energy bills - with Poland's energy minister calling the proposal "a joke" and analysts suggesting it was designed with such strict criteria that it would never be used.

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BRUSSELS, Delphi guided tours Nov 30 (Reuters) - The European Union's energy chief on Wednesday defended the bloc's proposal to cap gas prices and said countries will negotiate possible changes to the proposal, after a backlash from EU member states.

Nov 26 (Reuters) - The price for Russian seaborne oil should be capped at between $30 and $40 per barrel, lower than the level that Group of Seven nations have proposed, rafina to Dion airport taxi cost Ukrainian President Volodymyr Zelenskiy said on Saturday.

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The idea of the cap is to prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price set by the G7 and its allies.