“The Italian government advocates the need to determine the upper limit of the price of gas in the European Union with the reduction of this ceiling to 50-60 euros per megawatt-hour.”, — write: epravda.com.ua
The Italian government advocates the need to determine the upper limit of the price of gas in the European Union with the reduction of this ceiling to 50-60 euros per megawatt-hour. Italian Energy Minister Gilberto Pichetto Fratin said this in a radio interview on Friday, Ukrinform reports. “I think the EU should extend the upper limit of the gas price, but not at the level of 180 euros, but at the level of 50 or 60 euros,” the minister said. He assured that Italy has enough gas reserves to live the next two months without interruption. Advertisement: “I assure everyone that we do not have any problems. The country’s gas storages are almost 80% full,” Fratin said. It is noted that the existing mechanism of market correction and gas price limitation expires at the end of January this year. It will only be applied if European gas prices exceed €180 per megawatt-hour, a level not reached since the mechanism was introduced.Advertisement: Meanwhile, fears of rising prices in Europe have intensified since the end of Russian gas transit. Currently, the average gas price in Europe is 49.85 euros per megawatt-hour. We will remind: Natural gas prices in Europe are preparing for a weekly increase of 5%, as the market faces the depletion of reserves and reduced supplies after the cessation of Russian gas transit through Ukraine.