Leaders and representatives of nine Mediterranean and Southern European countries on Friday called on the European Union to come up with a more flexible gas price cap mechanism than the recently proposed cap of 220 euros ($232) per megawatt hour.
The call made at a EU-Med9 summit in Spain further highlighted divisions within the EU over the proposed cap. The bloc initially proposed a cap of 275 euros last month but this met with considerable opposition. Several EU members want no price cap at all.
