The European Union has announced a new emergency package to tackle the energy crisis, betting on steps to bolster solidarity among member states. Yet, the bloc is refraining from immediate gas price caps to stem high inflation and stave off recession, amid a lack of unanimity in the European Council and considerable technical complexities.
Ehsan Khoman, Head of Commodities, ESG and Emerging Markets Research (EMEA), discusses the latest proposals in depth and offers insights into the continent’s dynamic system of cross-border gas network, the practicalities of which have never been tested before.
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