European Union energy ministers fail to agree to cap gas prices

European Union ministers met in Brussels on Thursday to debate measures intended to ease the energy crisis but were unable to agree a gas price cap proposed by the bloc's governing commission.

The commission proposal to cap gas prices at 275 euros per megawatt hour was criticised by some ministers as "laughable". The current price of a megawatt hour is 124 euros. Liquid natural gas can be imported from the United