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Germany's Scholz Says EU 'Not Ready' Yet to Put Cap on Gas Prices

© AFP 2023 / ODD ANDERSENGauges and facilities to receive and distribute natural gas are pictured on the grounds of gas transport and pipeline network operator Gascade in Lubmin, northeastern Germany, close to the border with Poland, on August 30, 2022
Gauges and facilities to receive and distribute natural gas are pictured on the grounds of gas transport and pipeline network operator Gascade in Lubmin, northeastern Germany, close to the border with Poland, on August 30, 2022 - Sputnik International, 1920, 09.09.2022
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MOSCOW, September 9 (Sputnik) - German Chancellor Olaf Scholz said on Friday that the European Union would not put cap on prices of imported gas before exhausting other options.
"We should not put the cart before the horse. We aren't ready for that at all. We are discussing what the appropriate levels could be," he told a press conference in Berlin that was also attended by EU chief Charles Michel.
Germany will assembly a high-ranking expert panel to hammer out a solution to the soaring energy prices. Scholz warned that was not as easy as it appeared because gas prices are "outside of the EU's jurisdiction."
"I think we need to work really hard on it. The important thing is that we are doing everything to push prices down," Scholz told reporters.
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