Security of supply could be impacted
EU bodies issue gas price cap warnings
Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered
The EU’s plans to introduce a cap on TTF gas prices from 15 February have yet to result in any “significant impacts, positive or negative”, according to two of the bloc’s agencies. The European Securities and Markets Authority (Esma) and the Agency for the Cooperation of Energy Regulators (Acer) collaborated on two linked reports about the risks associated with the market cap mechanism. Both reports state that, while the plans are yet to have an impact, there could be “potential market effects in the future”. The two agencies have been tasked with responsibility for monitoring and reviewing both the markets and the functioning of the price cap, in conjunction with the European Commission. Eu
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
