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Europe's energy crisis

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EU pushes to triple energy storage as renewable power goes to waste

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Europe News

EU eyes jet fuel reserves as Strait of Hormuz crisis threatens supply

With the peak summer season drawing near, EU energy ministers are wary that jet fuel supply may be further strained, even as analysts see "sharp movement" towards greater jet fuel production within European refineries.

Business

Germany: Growth halves as public sector drives investment

The energy shock is further slowing economic growth and fuelling prices. The DIW institute has halved its growth forecast. Fiscal expansion may soften inflation but cannot fully offset it.

Business

AI and energy security drive investment focus at Baku Energy Week 2026

Baku Energy Week 2026 showcased how AI, digitalisation and regional gas diplomacy are reshaping the global energy sector, as companies and officials increasingly focus on competitiveness, energy security and cleaner technologies.

Business

Chevron enters Greek offshore project as Europe seeks energy security

Chevron has applied to join a Greek offshore exploration area known as Block 10 in the Ionian Sea, in a move that could strengthen Greece's role in Eastern Mediterranean energy security.

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The Europe Conversation

‘Electrification is key to save Europe’s industry,’ IEA tells Euronews

The International Energy Agency's chief Fatih Birol told Euronews that the EU should embrace the 'age of electricity' to boost industrial competitiveness.

Business

Germany turns to Canadian LNG as Iran war fuels energy fears

Canada has reached an agreement to export liquefied natural gas to Germany from a planned Pacific coast terminal, an official familiar with the matter said on Tuesday.

Europe News

EU cuts GDP forecast as Strait of Hormuz crisis pushes inflation up

The EU has downgraded its 2026 economic growth forecast after the Strait of Hormuz crisis sent energy prices sharply higher earlier this year. With no end to the conflict in sight, rising energy costs are fuelling tensions among member states calling for additional fiscal support measures.

Europe News

EU fertiliser plan exposes link between energy and food bills

Critics argue that the European Commission's plan, framed as a rescue package for farmers squeezed by soaring energy costs, geopolitical disruption and mounting pressure on food production, falls short of providing short-term relief for consumers facing high grocery bills.

Travel News

How to avoid paying more for Middle East travel disruption

More expensive tickets, possible cancellations and last-minute changes. The conflict in the Middle East threatens to complicate summer holidays. Brussels reminds travellers of their rights and recommends checking conditions before booking to avoid overpaying.

Europe News

Meloni asks EU to treat energy crisis like defence, relax fiscal rules

Meloni calls for greater budget flexibility to tackle rising energy costs, warning Italy could exit the SAFE defence programme, in a new letter sent to the European Commission.

Earth News

Greece has abundant cheap green energy. Why are bills still high?

Solar energy producers have called for a halt to new renewable projects, as battery storage lags behind a growing oversupply.

Economy

Two-thirds of Europe's LNG imports to come from the US this year

Europe is expected to source almost two-thirds of its liquefied natural gas imports from the US in 2026, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

Europe News

EU energy ministers to mull domestic gas drilling amid security woes

The EU Cyprus Presidency will raise the question during an informal gathering of ministers amid energy security concerns and soaring prices. Gas projects in Greece, Italy, Romania and Poland were flagged as available resources with potential for increased explorations.

Europe News

Brussels Airlines sees no flight cancellations 'for now'

The Brussels-based airline has secured 80% of its jet fuel needs until the end of the year, but it doesn't hold physically the kerosene, as the fuel was purchased earlier under the airline's hedging strategy.

Europe News

Europe’s airlines face jet fuel shift as safety concerns grow

Potential jet fuel shortages due to the war in Iran could force a shift in fuel types, raising operational and safety risks across airlines and airports.

Europe News

Brussels mulls scrapping methane fines amid energy crisis - leak

The draft text, circulated to EU member states, says penalties should not jeopardise gas or oil supplies during periods of market stress or crisis — a move likely to be seen as a concession to mounting pressure from industry and international partners.