EU warns of energy 'price crisis', asks countries to consider curbing demand
Middle East Eye
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Middle East Eye
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The European Union has warned of an acute energy price crisis stemming from Iran-related geopolitical tensions affecting global oil and gas markets. The EU's energy commissioner has called on member states to adopt measures to reduce energy consumption ahead of the coming winter.
The European Union is facing an energy price crisis as a result of the Iran war fallout in oil and gas markets, the bloc's energy chief said on Friday in a letter seen by Reuters, which urged countries to consider measures to curb energy demand.
"We are facing a price crisis linking to a supply crisis," EU energy commissioner Dan Jorgensen said in a letter to EU countries' energy ministers.
While the EU is better prepared now than it was in winter 2021 when Russia squeezed Europe's gas supplies by reducing deliveries, governments must step up preparations for this winter, he said.
"I invite you to consider taking or continuing to take measures that can sustain [gas storage] injections or reduce gas and electricity demand for as long as necessary," Jorgensen said.
"We are facing a price crisis linking to a supply crisis," EU energy commissioner Dan Jorgensen said in a letter to EU countries' energy ministers.
While the EU is better prepared now than it was in winter 2021 when Russia squeezed Europe's gas supplies by reducing deliveries, governments must step up preparations for this winter, he said.
"I invite you to consider taking or continuing to take measures that can sustain [gas storage] injections or reduce gas and electricity demand for as long as necessary," Jorgensen said.
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Tags:#الاتحاد الأوروبي#أزمة الطاقة#أسعار الغاز#الطاقة#الشرق الأوسط#أوروبا
Source: Middle East Eye
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