EU considers gas price cap extension to avert winter crisis- FT

The European Union (EU) is considering extending an emergency  gas price cap imposed in February, amid concerns that the Middle East crisis and sabotage of a Baltic pipeline could push prices up again this winter, according to the Financial Times on Sunday,

Furthermore, the European Commission said that there has been "no indication of negative effects" since the policy went into effect, and that natural gas prices are now about 90% cheaper than last year, Reuters added.