MARKETS

Europe considers new LNG price benchmark to replace TTF

PROPOSALS by the European Commission (EC) to lower soaring energy costs don't alter the role natural gas plays on the continent and may do little to rein in the volatility that has ruled the market this year, a Natural Gas Intelligence (NGI) report said on Friday.

Tim Daiss

Europe considers new LNG price benchmark to replace TTF

The EC has proposed revenue caps on some power producers, a windfall tax on the excess profits of fossil fuel companies and targets to cut electricity demand to help reduce consumer energy bills....

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