EU warns of energy 'price crisis,' asks countries to consider curbing demand, letter shows
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
The European Union is grappling with an energy price crisis spurred by the fallout from the Iran war on oil and gas markets, according to a letter from the EU's energy chief. In a letter to EU countries' energy ministers, EU energy commissioner Dan Jorgensen warned of a supply crisis, stating, "We are facing a price crisis linking to a supply crisis."
Despite the EU being better prepared than during the winter of 2021 when Russia curtailed gas supply deliveries, Jorgensen urged governments to intensify preparations for this winter. He invited countries to consider implementing measures to maintain gas storage injections or reduce energy demand, emphasizing that such actions should continue "as long as necessary."
Jorgensen's comments were made in English, adhering to full sentences and avoiding abusive or personal language in line with The Hindu Business Line's community guidelines.
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