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Reuters
Reuters
Business

Spain extends gas price cap amid fears of total Russian gas cut-off

Pedro Sanchez Spain Russia Europe
FILE PHOTO: Spanish Prime Minister Pedro Sanchez attends a news conference with Colombian President Gustavo Petro, in Bogota, Colombia August 24, 2022. REUTERS/Luisa Gonzalez

Spain will extend a gas price cap to power plants linked to heavy industry amid fears Russia could cut off all gas supply to Europe by land or sea, Spanish Prime Minister Pedro Sanchez said on Tuesday.

Sanchez said the government will temporarily change power market regulations relating to the use of heat from industrial processes such as producing tiles, concrete, or fertilisers.

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