EU energy ministers reach agreement on gas price cap

Months of talks end with dynamic cap' deal after Germany persuaded by global reference-price condition

EU ministers have agreed a plan to cap the price of gas, ending months of argument over how to handle the cost of soaring energy prices after Russia cut gas supplies to Europe.

Mission accomplished," said the Czech minister for trade and industry, Jozef Sikela, who chaired talks between energy ministers, adding that negotiations had not been easy.