Norway says Europe should avoid capping gas prices amid surge linked to US-Israeli war on Iran

Oslo, Norway. Norwegian Prime Minister Jonas Gahr Støre said it would be unwise for Europe to impose a cap on natural gas prices after prices rose around 60% in the wake of the US-Israeli war on Iran.

Norway opposes price cap

Støre, speaking at an energy conference in Oslo, said Norway, Europe’s biggest gas supplier, would continue to argue against such a measure and would remain a reliable provider of energy to the continent.

Background on previous surge

Europe refrained from capping gas costs during the price surge that followed Russia’s full-scale invasion of Ukraine in 2022.

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