EU Sees No Immediate Gas Supply Risks, Warns Hormuz Blockage Could Have Long-Term Effects
7 Articles
7 Articles
The announcement of a two-week ceasefire in the Middle East, with the reopening of the Strait of Ormuz, immediately brought back the tension on the oil markets. Brent and WTI thus fell by more than 14% in trade. The post Hydrocarbons: a respite without immediate effect appeared first on LesEco.ma.
‘The Commission and the Member States have confirmed that there are no immediate safety risks in the supply of gas, but the preparation for winter must be preceded and possible coordinated measures’, read a communication from the European Commission, published after a meeting of the European Union Gas Coordination Group (EU), which brings together representatives of the Community executive, Member States and the gas industry. In the communicatio…
The European Network states that "to re-emission the storage of g s in preparation or for the spring spring spring, Europe needs to import higher GNLs than previously noted".
The European Commission (EC) does not fear that the Twenty-Seven will face an "immediate" risk of gas scarcity due to the armed conflict in the Middle East, but rather "durable consequences" arising from the crisis in the Strait of Hormuz. "There are no immediate risks to security of supply. Lasting consequences are expected, so it is important to start preparing for the winter", warned a senior official following a meeting of the Gas Coordinati…
The European Commission is not concerned about an "indirect" risk of gas spills in the states of the Community blockade as a result of the war with Iran, but is expected to "long-term consequences" in the light of the crisis in...
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