European Union leaders will discuss later in October the idea of setting up an EU strategic gas reserve and the decoupling of electricity prices from gas prices, the head of the European Commission Ursula von der Leyen said on Tuesday. Speaking to reporters in Estonia, von der Leyen said the surge in electricity prices for European consumers was mainly a result of much more expensive gas as global demand has picked up but key European gas suppliers like Russia, have not increased the supply. “For gas we are heavily dependent on imports — 90% of gas is being imported. Globally the economies are picking up so demand is rising, but the supply is not rising accordingly. We […]