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Politics

Greek Proposal for Natural Gas Price Cap Gaining Ever Greater Traction in EU

PRAGUE – There is a new dynamic forming on the front of the common European response to excessive energy costs caused by the Russian invasion of Ukraine, government sources said on Thursday, adding that Prime Minister Kyriakos Mitsotakis has been vindicated in his call since last March for a cap on international natural gas prices.

The statements were made a few hours before the start of the European Political Community Summit and a day before the crucial, informal summit of European leaders in Prague.

In a post on social media, the prime minister said that European Commission President Ursula von der Leyen’s proposal “to consider a price cap on TTF as an emergency measure to deal with the energy crisis is a very important step in the right direction”. He added that he was “looking forward to the discussions at [European Council] to design a cap that secures supply, keeps prices reasonable and maintains the internal market,” while noting that “the time has come to drastically support our citizens against the weaponisation of energy by Russia.”

According to the same sources, Mitsotakis will participate in one of the roundtable discussions dealing with energy, climate and the economic situation as a co-chair, as the prime minister’s efforts to contain international natural gas prices are gaining increasing traction in the European Union.

Mitsotakis will also brief the European leaders at the summit on Friday on the escalation of the Turkish leadership’s extreme rhetoric, but also on the recent agreement between Ankara and the government in Tripoli and the invalid Turkish-Libyan memorandum. In particular, he is expected to highlight the dangers of Turkey’s behaviour for security and stability in the region at a critical juncture. Besides which, according to sources, Turkish President Recep Tayyip Erdogan is to participate in a panel on security, where leaders of countries that support the Greek positions, such as France, Luxembourg and Croatia, are scheduled to speak.

(ANA-MPA/S. Mourelatos)

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