EU Council live: Leaders debate emergency measures for energy crisis
EU heads of state and government are meeting in Brussels on Thursday to try to reach a consensus on how to curb high energy prices and make sure Europeans can weather the economic storm ahead.
Leaders will consider the latest package of measures proposed by the European Commission which includes joint gas purchases and a dynamic cap for transactions at Europe's benchmark, the Dutch Title Transfer Facility (TTF).
The other main topic for leaders to discuss will be how to protect the bloc's economy, hit hard by high energy prices.
Countries are also expected to discuss Russia's war in Ukraine following a virtual address by Volodymyr Zelenskyy and EU-China relations as President Xi Jinping's leadership was renewed for a third unprecedented third term.
Here are the latest updates from the EU Council summit.
EU Council President Charles Michel said that the proposals on the table for energy and conclusions provide "a good balance" in order for EU countries to reach an agreement today.He said that it was important to send "a very strong signal that we are determined to work together in order to have a possible impact" on families, households and businesses struggling during the crisis.Michel added that EU countries will speak about the war in Ukraine and continue to find ways to support the country.An exceptional situation needs and exceptional response, he added.
The new project to replace the Midcat initiative will enable Spain, a leading importer of liquefied natural gas (LNG), to share its vast supplies with France and the rest of Europe, the Spanish Prime Minister explained.
The three countries expect the pipeline to carry green hydrogen sometime in the future.
“This is very good news for Europe,” Sánchez told reporters in
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