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Eu Energy Policy

All articles tagged with #eu energy policy

Europe Faces Record Diesel Shortage as China Halts Exports and Trump Threatens Sanctions
energy8 days ago

Europe Faces Record Diesel Shortage as China Halts Exports and Trump Threatens Sanctions

Europe’s diesel crisis has intensified, with September imports hitting a record low of 1 million barrels daily. China has suspended all fuel exports to protect domestic supply, while President Trump has threatened to ban U.S. diesel exports to Europe unless Germany and France release 120 million barrels from strategic storage. The situation is exacerbated by the closure of 30% of EU refineries since 2009 and constrained Russian supplies, forcing the EU to rely on stockpile releases to maintain supply.

via oilprice.com|
#china-export-ban#diesel-shortage#energy
Brussels Urges Voluntary Demand Cuts to Mitigate Winter Energy Crisis
energy-and-climate16 days ago

Brussels Urges Voluntary Demand Cuts to Mitigate Winter Energy Crisis

EU Energy Commissioner Dan Jørgensen has urged member states to implement voluntary measures to reduce gas and electricity demand, citing 'constrained global supply' and high price volatility. With European gas storage at historic lows of 68-70% due to disruptions from the Iran conflict and Asian competition for LNG, the Commission warns that current price pressures could escalate into a supply crisis. Jørgensen emphasized that while there is no immediate risk to security of supply, the situation remains 'challenging,' and he advised against panic buying by suggesting an 80% storage fill target rather than the standard 90%. The Commission highlighted that demand reduction, as seen in 2022, is an effective tool to contain prices, though it stopped short of imposing mandatory cuts.

via politico.eu|
#dan-jorgensen#energy-and-climate#energy-security
EU Energy Chief Urges Demand Cuts as Winter Gas Prices Soar Amid Geopolitical Tensions
energy-and-politics16 days ago

EU Energy Chief Urges Demand Cuts as Winter Gas Prices Soar Amid Geopolitical Tensions

European Energy Commissioner Dan Jørgensen has urged EU member states to implement voluntary measures to reduce gas and electricity demand, warning that soaring prices driven by Middle East conflicts and Asian competition for LNG could lead to shortages. While storage levels are 12 percentage points below last year, the Commission advises against panic buying, suggesting an 80% fill target is sufficient. Jørgensen links the price crisis to a potential supply crisis, noting that 50 million Europeans may face choices between heating and food, a situation he warns could fuel far-right political gains.

via Euronews.com|
#dan-jorgensen#energy-and-politics#eu-energy-policy
Germany cuts fuel tax by 17 cents as Middle East war drives prices to record highs
energy23 days ago

Germany cuts fuel tax by 17 cents as Middle East war drives prices to record highs

Germany is implementing a €2.5 billion relief package that lowers fuel taxes by 17 cents per liter, effective next month, to counter soaring prices caused by the Iran war and Houthi-Saudi conflicts. Chancellor Friedrich Merz announced the measure alongside plans for a temporary price cap by January 2027. While Finance Minister Lars Klingbeil pushes for an EU-wide windfall tax on oil companies, Economy Minister Katherina Reiche opposes such measures, citing risks to domestic refineries. The SPD has issued a 14-day ultimatum to oil firms to voluntarily cut prices or face state-imposed caps.

via politico.eu|
#energy#eu-energy-policy#fuel-prices
EU bets on small modular reactors to secure green power and industrial growth
policy7 months ago

EU bets on small modular reactors to secure green power and industrial growth

The European Commission endorses deploying small modular reactors (SMRs) by the early 2030s as part of Europe’s aim for climate neutrality by 2050, with streamlined approval processes and a €200 million guarantee to attract private investment, hoping to supply low‑carbon electricity and heat for industry and enhance grid stability, while critics warn of costs, safety risks, and the unproven nature of SMRs.

via Euronews.com|
#decarbonisation#energy-security#eu-energy-policy
EU’s Russian gas ban aims for a lasting shift, but loopholes could blunt impact
energy8 months ago

EU’s Russian gas ban aims for a lasting shift, but loopholes could blunt impact

The European Union approved a long-promised ban on Russian gas to cement a shift away from Moscow, with LNG fully banned by January 2027 and pipeline gas phased out by September 2027, but national security clauses, legal challenges, and loopholes such as gas laundering via Turkey, re-exports through the Western Balkans, and opaque origin tracking could delay or dilute the impact. Experts say the move signals a lasting structural shift that will erode Russia’s revenue and leverage over time, even if near-term price effects are muted.

via The Kyiv Independent|
#energy#energy-security#eu-energy-policy
EU Plans to End Russian Oil and Gas Dependence Amid Resistance and Ongoing Conflict
world1 year ago

EU Plans to End Russian Oil and Gas Dependence Amid Resistance and Ongoing Conflict

The European Union has announced a comprehensive plan to end its reliance on Russian oil and gas by 2027, including banning new Russian gas contracts from 2026 and phasing out existing ones, as part of a broader effort to enhance energy security and transition to renewables. The move aims to cut off Kremlin-controlled energy sources, reduce geopolitical vulnerability, and promote cleaner energy sources across Europe, despite some opposition from heavily reliant countries like Hungary and Slovakia.

via The Kyiv Independent|
#energy-independence#eu-energy-policy#european-union