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EU Energy Commissioner Dan Jorgensen criticized the current fiscal system, stating that subsidizing fossil fuels is like giving sugar to a diabetic patient. He advocated for doubling the EU's electrification level to 46% and noted that the EU's energy bill surged by 50 billion euros after the closure of Or.
President Nikos Christodoulides of Cyprus met with EU Commissioner for Energy and Housing Dan Jorgensen in Nicosia, emphasizing the high priority of both housing and energy for the EU.
Despite strong rhetoric and pressure to dismantle the 'Putin regime', approximately 49% of Russia's global LNG exports are destined for European ports, leading to accusations of hypocrisy.
EU Energy Commissioner Dan Jorgensen has warned that jet fuel supplies in Europe are likely to worsen by the end of summer.
European Energy Commissioner Dan Jorgensen reiterated the EU’s support for the Great Sea Interconnector, which will link the energy grids of Cyprus, Greece, and Israel, while warning against plans for a separate Turkish cable to northern Cyprus.
The EU is preparing emergency energy measures including potential fuel rationing and reserve releases as Commissioner Dan Jorgensen warns of a prolonged crisis driven by the Middle East conflict.
European Energy Commissioner Dan Jorgensen reaffirmed the European Commission’s "crystal clear" commitment to the Great Sea Interconnector project, which aims to link the energy grids of Cyprus, Greece, and Israel.
EU Energy Commissioner Dan Jorgensen warned that the war in Iran and the subsequent blockade of the Strait of Hormuz have already cost the European bloc more than $35 billion in rising energy costs.
Donald Trump has extended a deadline for a strike threat by 10 days and paused attacks on Iran’s energy sector, giving Iranians ten more days to open the Strait of Hormuz, leading to a fall in oil prices. Meanwhile, Israel reportedly assassinated Iranian regime leaders involved in the Strait of Hormuz blockade.