The EU gas price cap agreed this week by energy ministers is intended to protect gas consumers from soaring prices, but if triggered may lead to reduced supply and increased demand. Listen to a discussion on why the measure could end up being simply a symbolic gesture, as market participants will find ways of circumventing it. There are also concerns about the creation and implementation of an LNG index – could this lead to market manipulation? Also, the cap could trigger the departure of the Ice exchange from Europe’s wholesale gas market, with worrying repercussions for financial instability.
Host: Richard Sverrisson, Editor-in-Chief, Montel
Guest: James Waddell, Head of European Gas and Global LNG, Energy Aspects.
Plugged In: the energy news podcast