Breaking News. - EU Warns Energy Price Crisis Is Now Becoming a Supply Crisis
- Europe warned member states today of an energy crisis, urging governments to consider curbing demand as continental LNG reserves sit about 20 percentage points below normal levels ahead of winter.
- Middle East disruptions have forced Saudi Arabia to pause crude and fuel shipments to Europe, with three key facilities—Yanbu, Samref, and Yasref—operating below capacity on the Red Sea, now a 'tinderbox' following militia attacks.
- Fuel prices have jumped to above $6 per gallon in the United States and over €2 per liter in Europe, signaling a "major" potential supply problem if supply chains are not restored by Christmas.
- Unlike 2022 and 2023, when Russia's invasion spiked prices rapidly, Europe is "facing a slow-motion crisis," says Ana Maria Jaller-Makarewicz, an analyst at IEEFA, as structural market tightness persists.
- Thierry Bros, a professor at Sciences Po Paris, says Europe's only exit is to "diversify and to destroy demand," while political uncertainty ahead of November elections could further constrain fuel availability.
97 Articles
97 Articles
The European Commission has decided to send a second letter to the 27 governments advising them to take steps to reduce as much as possible the demand for gas, in the face of the price and supply crisis that has caused mainly the war between US President Donald Trump and the dictatorship of Iran.European legislation requires Member States to maintain minimum levels of gas stored in underground infrastructure equivalent to 35% of the average annu…
Energy Commissioner Dan Jorgensen is calling on leaders of the bloc's countries to introduce new measures due to limited supply.
EU floats energy demand curbs in price crisis letter
The EU warned its member states about a potential energy price crisis driven by the Middle East conflict, asking them to consider measures to cut demand and to continue filling gas storage ahead of winter.In a letter to energy ministers in the 27-nation bloc, EU Energy Commissioner Dan Jorgensen sai
Breaking news. - EU warns energy price crisis is now becoming a supply crisis
Energy Commissioner Jørgensen warned capitals that the EU is not facing an immediate gas-security crisis, but it is facing a price-and-supply squeeze that could become more difficult as winter approaches, according to a letter seen by Euronews.
EADaily, September 27, 2026. EU countries should either accelerate or reduce their consumption of motor fuels and gas, as called for by the Euro-Commissioner for Energy, Dan Jørgensen.
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