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EU must find gas price cap all can accept: energy chief

STORY: "We have to remove the incentives that are there for Russia to manipulate with volumes. And well, the answer is clear, we have to offer price cap for all Russian gas, not only pipeline but also LNG and for our partners with whom we can negotiate, we have to negotiate price corridors," EU Energy Commissioner Kadri Simson said ahead of the meeting.

The EU executive already suggested a Russian gas price cap earlier this month, but shelved the idea after resistance from central and eastern European countries worried Moscow would retaliate by cutting off the remaining gas it still sends to them.

Simson said it was important to reach a consensus among EU members on how to deal with the ongoing energy crisis. Some member states, notably Germany, remain opposed to the gas price cap.

Energy ministers from the 27 EU member countries are negotiating measures proposed by Brussels last week to attempt to contain an energy price surge that is stoking record-high inflation and threatening a recession.