EU Warns of Energy ‘Price Crisis,’ Asks Countries to Consider Curbing Demand, Letter Shows
12 Articles
12 Articles
EU WARNS of energy price crisis.
Brussels is calling on EU countries to reduce gas and electricity consumption due to high prices, according to a letter from the European Commissioner for Energy
Brussels is calling on EU countries to reduce gas and electricity consumption due to high prices, according to a letter from the European Commissioner for Energy.
EU warns of energy 'price crisis,' asks countries to consider curbing demand, letter shows
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.
The standoff in the Strait of Hormuz has particularly increased the prices of natural gas and oil.
Although the EU is now more prepared than it was in the winter of 2021, when Russia limited Europe's gas supply by cutting deliveries, governments must step up preparations for the coming winter, he pointed out.
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