Europe should not set a cap on gas prices, Norway's prime minister says

OSLO, March 12 (Reuters) - Norway's Prime Minister Jonas Gahr Stoere said on Thursday that it would be unwise for Europe to cap the price of natural gas, which has risen some 60% in the wake of the U.S.-Israeli war on Iran.

He said Norway, Europe's biggest supplier of gas, would remain a reliable provider of energy to the continent.

Europe refrained from capping gas costs during a surge in prices following Russia's 2022 full-scale invasion of Ukraine, and Norway will continue to argue against such a cap, Stoere told an energy conference in Oslo.