EU Energy Commissioner Dan Jorgensen warned that while oil and gas supply shortages are not expected, rising prices will make it difficult for many EU citizens to pay their bills this winter.
Following a meeting of EU energy ministers in Luxembourg, Jorgensen stated that member states have reaffirmed their commitment to release approximately 42 million barrels of oil in the coming months, half of which will be diesel. Currently, EU winter heating season inventories are only at 75% of available storage capacity, down from 83% a year ago.
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EU Energy Commissioner warns: No oil and gas shortages expected, but rising prices will make it difficult for citizens to pay bills this winter.
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