Moscow (ANTARA) - The European Union (EU) is evaluating all\npossibilities to address the energy crisis, including restrictions on\nfuel distribution and additional releases of oil from emergency\nreserves, in order to mitigate the impact of the conflict in the Middle\nEast.<\/p>\n
EU Energy Commissioner Dan Jorgensen said on Friday (3\/4) to the\nFinancial Times that the EU is also considering fuel rationing to deal\nwith potential prolonged energy shocks.<\/p>\n
The EU is drawing up plans to address the structural and long-term\nconsequences of the conflict.<\/p>\n
According to Jorgensen, those steps include \u201cpreparing for the\nworst-case scenario,\u201d although the economic bloc has not yet reached the\nstage of needing to ration vital products such as aviation fuel (avtur)\nor diesel.<\/p>\n
When asked about the possibility of relaxing avtur rules to increase\nimports from the US or raising the ethanol portion in fuel, Jorgensen\nstated that they have not yet reached the stage of changing existing\nrules.<\/p>\n
\u201cWe are considering all possibilities, and the more serious the\nsituation becomes, the more we need to consider using legislative\ninstruments,\u201d he said.<\/p>\n
On 28 February, the United States and Israel launched attacks on\ntargets in Iran, including in Tehran, causing damage and killing\ncivilians.<\/p>\n
Iran then retaliated by attacking Israeli territory as well as US\nmilitary facilities in the Middle East.<\/p>\n
The escalation of conflict in the region has caused a de facto\nblockade of the Strait of Hormuz, the main shipping route for oil and\nliquefied natural gas from Gulf countries to global markets.<\/p>\n
The situation has also affected oil exports and production in Gulf\ncountries and is driving up global energy prices.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/european-union-prepares-emergency-measures-to-face-energy-crisis-1775217045", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }