EU weighs options as summer jet fuel threat looms
Brussels is weighing emergency stock releases and temporary exemptions as fuel prices surge and airlines cancel flights, officials said.
- On Friday, the EU Aviation Safety Agency is due to publish recommendations on allowing US-produced Jet fuel, which is currently prohibited in Europe due to technical differences from the standard aviation fuel type.
- The US-Israeli war with Iran and closure of the Strait of Hormuz have sent aviation fuel prices soaring, disrupting about 20 per cent of kerosene that previously transited through the Strait before the Middle East conflict.
- EU energy commissioner Dan Jorgensen said Tuesday that Brussels is preparing for possible "security of supply issues," while the commission is establishing a "fuel observatory" to track production and stock levels across member states.
- European legislation requires countries to hold oil stocks equivalent to 90 days of net imports and 61 days of domestic consumption, while some airlines are pushing for temporary exemptions as early as this summer.
- Aviation specialist Matteo Mirolo told AFP that states must invest in alternative SAF fuels for energy sovereignty, asserting "we do have to think about supply, especially as this will not be the last crisis we face.
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EU weighs options as summer jet fuel threat looms
How big is the jet fuel threat to Europe's summer holidays? The EU says it is not facing shortages yet, but it is readying for the worst -- and weighing options including using US kerosene as a back-up.
EU explores options amid looming summer jet fuel threat - NewsTmes.com.ng
How big is the jet fuel threat to Europe’s summer holidays? The EU says it is not facing shortages yet, but it is preparing for the worst and weighing options, including using US kerosene as a backup. The US-Israeli war with Iran and the closure of the Strait of Hormuz have sent aviation fuel prices … The post EU explores options amid looming summer jet fuel threat appeared first on NewsTmes.com.ng.
Readying for the worst: EU weighs options as summer jet fuel threat looms
EU energy commissioner Dan Jorgensen stated that while the EU is not yet facing jet fuel shortages, it is preparing for possible supply issues due to the ongoing Middle East conflict and rising prices.
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