The European Union warns that it is facing an energy price crisis connected to a supply crisis, and it asks member states to consider measures to reduce energy demand, according to a letter described by Reuters.
EU energy commissioner Dan Jorgensen says the situation is driven by fallout in oil and gas markets related to the war involving Iran. He tells energy ministers that while the bloc is better prepared than it was in winter 2021, when Russia reduced gas deliveries to Europe, governments should strengthen preparations for the coming winter.
In the letter, Jorgensen invites countries to consider or continue actions aimed at sustaining gas storage injections and reducing gas and electricity demand for as long as necessary. The outlets agree on the core message: the EU frames the issue as a combined price and supply problem and emphasizes demand-management and storage readiness as possible responses.
