EU Commission said gas price cap impossible as requested

The European Union’s executive told the 27 member countries at a seminar on Monday that it was not possible to create a gas price cap that would at
the same time not affect long-term contracts or security of supply, two diplomatic sources told Reuters.
After much wrangling at an all-night summit, EU leaders agreed last month to task the executive European Commission to propose “a temporary EU framework to cap the price of gas in electricity generation” and “a temporary dynamic price corridor on natural gas transactions” to bring down prices.
But a compromise between those like France, Spain and Belgium that want a cap, and the German-led camp opposing it meant additional conditions were attached, namely that any cap could not affect long-term contracts, lead to an increase in gas consumption or provoke producers to reroute supplies elsewhere.