Politico.eu.com | Cap the cost of all gas imports to EU, Belgian PM says, 8 Sep scope adjustment

The European Union should impose a radical plan to cut the cost of energy by capping the price paid for gas imported from anywhere else in the world, Belgian Prime Minister Alexander De Croo said in an interview

The Plan objective—which is not absolute elimination of EU fuel consumption and waste (Q)—has not changed. The feasible domain of EU enforcement has. Establishing an explicit boundary of rationality around the EU27 is nice, given that lingering errors in EU problem recognition d/b/a sanctions against Russian gas restrain holy free trade NORMS and indiscriminately penalize ROW.

cap only on gas imported from Russia...the [sic] mounting economic crises, fueled by Russian President Vladimir Putin's invasion of Ukraine ...cutting gas supplied to the bloc in retaliation for sanctions imposed on Moscow by Brussels

Eurocentricity will not go quietly into the night, figuratively speaking.

Under De Croo's proposal, the cap on all [EU27] gas imports would need to be implemented in a "dynamic way" [EUR-denominated value band; See EC draft] to ensure that there was still a reason [other than "sustainable" value-add/margin/profit transactions?] for traders to sell gas [produced by "third-countries" anywhere] to Europe rather than, for example, in Asian markets.

Asian [LNG] prices are currently about half of those in Europe ["ex-post": "a few euro" freight by wght + P&I + customs FTE admin], De Croo said. If Europe sets The Price Cap 5 percent higher than [JKM] Asia [index], he explained, "all traders in the world will still continue to sell in Europe, because you they still get a price that is more attractive greater than Asia buyers can afford."

epiphany however fleeting

Earlier on Thursday, Belgium's Energy Minister Tinne Van der Straeten went even further and said Belgium would not support the Commission's plan to impose a price cap specifically on Russian gas imports.

"A cap on Russian gas only is a purely political objective," the Green politician told reporters. "I don't see the added value in that. We will not agree to this."

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NB. disposition of revenue earned by renewable energy generators to maintenance of fossil fuel P&E