EU Energy Commissioner: No Immediate Winter Supply Risk, But Price Crisis Persists

EU Energy Commissioner Jørgensen said at the Informal Energy Council press conference in Dublin that months after the Iran conflict began, Europe still faces an energy price crisis, with little progress around the Strait of Hormuz and highly volatile prices. Since the war started, the EU has paid over EUR 100 billion extra for fossil fuel imports without receiving a single extra molecule of energy. No immediate winter supply risks are seen, but citizen bills and fuel prices remain a strain. He outlined a two-fold strategy: doubling down on the clean transition and structural reform while flexibly helping member states, companies and citizens, including considering lowering the gas storage f…