December 14, 2022

European Union energy ministers meeting in Brussels on Tuesday failed to strike a final deal on a bloc-wide cap on natural gas prices, after months of debate between countries over whether the measure can ease Europe's energy crisis.

Responding to repeated requests from some countries, the European Commission proposed a gas price cap last month as the latest EU response to the energy price spikes in recent months.

But with countries still split over the details of the cap, Tuesday's meeting did not yield a final decision, leaving EU energy ministers to try again for an agreement at another meeting on December 19.

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