FT reports that the EU is considering a gas price cap extension to avert winter crisis

<p>The Financial Times is gated but the gist of the article is that the European Union is considering extending its emergency gas price cap introduced in February.</p><p>In response to concern of supply disruption and price jumps from a couple of fronts:</p><ul><li>the conflict in the Middle East</li><li>the sabotage of a Baltic pipeline</li></ul><p>Reuters add that:</p><ul><li>

The European Commission said there was "no indication of negative effects" since the measure had entered into force and that natural gas prices were now almost 90% lower than last year, the report said, citing a presentation to EU diplomats.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.