EU energy bill jumps €100 billion after Hormuz closure exposes import dependence
8 Articles
8 Articles
Aftenposten
– This shows how bad it is, says the EU top official.
The European Union has spent over 100 billion euros extra on energy this year ‘without receiving a single extra molecule of gas or oil in return’, said European Commissioner Dan Jørgensen (Energy) ahead of a meeting with EU Energy Ministers. For him, this demonstrates how ‘unsustainable it is to be dependent on energy sources from other parts of the world’.
The European Union (EU) has already exceeded EUR 100 billion in additional costs this year with gas and oil imports due to dependence on imported fossil fuels in the context of an energy crisis, the European Commission announced.
EU Energy Bill Increases By €100 Billion Following Hormuz Closure
The European Union has allegedly incurred an additional expenditure of over 100 billion euros on energy imports since the onset of the Iran conflict. This substantial increase is attributed to the closure of the Strait of Hormuz, which has caused a surge in fuel prices and reignited concerns regarding the bloc’s reliance on imported fossil […]
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