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Winter won't be easy without gas-price cap - Eni CEO

Draghi right to keep pushing on this says Descalzi

(ANSA) - ROME, JUN 8 - Next winter will be difficult for the energy market unless the gas-price cap that the Italian government is calling for is imposed at the EU level, Eni CEO Claudio Descalzi said on Wednesday.
    "This winter won't be easy without a gas-price cap because we'll have the volume, but bills will be high for companies and consumers and one mustn't forget the speculative distortion of the market," Descalzi said The head of the Italian energy giant said that Premier Mario Draghi was right to "keep pushing" for a gas-price cap.
    "Given that we still have Russian gas coming in, the problem for the winter is not the flows, but the prices," he said.
    "That's why it's important for Draghi to keep pushing.
    "We have a price that is six-seven times higher than in 2019 for no good reason". (ANSA).
   

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