Von der Leyen says EU states should coordinate energy measures as conflict drives up fossil fuel costs
The Facts
- Ursula von der Leyen said EU member states need to coordinate on energy prices in response to the current conflict's impact on energy costs.
- Von der Leyen said the EU's fossil fuel import bill has risen by more than 22 billion euros since the start of the conflict.
- Von der Leyen said the Commission is looking at coordinating member states' gas storage filling to avoid many countries entering the market at the same time.
- Von der Leyen said oil stock releases would be coordinated to maximize their effect.
- Von der Leyen said emergency measures taken by member states should not undermine the EU single market.
- The European Commission plans to publish proposals for energy price measures on April 22.
- Von der Leyen said restoring freedom of navigation in the Strait of Hormuz is of paramount importance.
Analytical frames for this storyTap to explore
Context
What coordination steps did von der Leyen say the EU is considering?
She said the Commission is looking at coordinating how member states fill gas storage so they do not all buy at once, and at coordinating oil stock releases to have the biggest possible market effect Reuters,Terra,HABERTURK.COM.
When will the EU present its next energy-price measures?
The Commission plans to publish proposals on April 22, and those measures are expected to be discussed by EU leaders at an informal summit the following week Reuters,Il Fatto Quotidiano,LaVanguardia.
Why is the Strait of Hormuz part of this story?
Von der Leyen said the closure of the Strait of Hormuz is causing major damage and that restoring freedom of navigation there is of paramount importance for the EU, linking the waterway disruption to the bloc's energy and economic concerns Reuters,LaVanguardia,El Español.
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Independent coverage (50)
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