EU considers gas price cap extension to avert winter crisis - FT

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels

(Reuters) - The European Union is considering extending an emergency gas price cap introduced in February, amid fears the conflict in the Middle East and sabotage of a Baltic pipeline could push prices up again this winter, the Financial Times reported on Sunday.

The European Commission said there was "no indication of negative effects" since the measure had entered into force and that natural gas prices were now almost 90% lower than last year, the report said, citing a presentation to EU diplomats.

(Reporting by Jose Joseph in Bengaluru; Editing by Sonali Paul)