EU presents aid framework against energy crisis

The EU framework allows each member state to help companies with up to 50,000 euros in fuel expenses and cover up to 70% of extraordinary costs resulting from market developments.

Energy crisis: Government measures follow the path of European peers and renewables reduce exposure

Government measures to mitigate the energy shock align with those of European peers, with Portugal being 'less exposed than other European economies' according to an Allianz Research study. Measures such as fuel tax discounts help reduce the impact of rising crude oil prices. The total impact of government action is expected to be around 0.15% of national GDP, similar to the average in developed countries, meaning Portugal is not repeating the budgetary effort seen during the 2022 energy crisis. The issue involves not just price hikes, but a reduction in market supply, with aviation fuel becoming scarcer, diesel being rationed, and industrial users in price-controlled markets facing shortages. Portugal benefits from energy resilience due to its lower reliance on Middle Eastern oil imports, a higher share of renewable energy in electricity production, and experience in managing recent energy shocks. Brussels is urging Europeans to consume less fuel and reduce air travel.

13:00 Brussels authorises state aid for sectors most affected by the energy crisis

The European Commission has approved state aid measures to support industries significantly impacted by the ongoing energy crisis.

Brussels authorises State aid for sectors most affected by the energy crisis

Member States requested specific rules for State aid to support companies most in need during this crisis, marked by high energy prices. The European Commission responded this Wednesday by presenting several measures, starting with those aimed at farmers, transport, and fishermen.

Montenegro confident in Portuguese tourism despite the crisis

The Prime Minister rejects alarmism and says there are no signs that the energy crisis will harm tourism.

Brazil Joins Canada, US, UK, Mexico, Norway, Switzerland, Turkey, Russia and Other Countries in Facing Higher Travel Costs in Europe as Spain, Germany, Italy, Portugal, Austria and More Set to Impose a Temporary Tax to Bounce Back from US Energy Cris

Travel And Tour World24 Apr

Montenegro attends EU summit to discuss energy crisis

EU heads of state and government are meeting in Cyprus for an informal two-day summit, primarily focused on the Middle East conflict and energy prices. Prime Minister Luís Montenegro is representing Portugal at the summit, which will also address the war in Ukraine, EU budget financing for 2028-2034, and regional security, including a meeting with leaders from Lebanon, Egypt, Syria, Jordan, and the Gulf Cooperation Council.

Energy Agency confident in response to energy crisis

The blockade of the Strait of Hormuz has cut off a quarter of the world's oil. According to the IEA director, the crisis could accelerate renewables, efficiency, and nuclear power, much like in the 1970s.

Leaders in Cyprus: closer to the Middle East, but far from a solution to Trump's war

European leaders meet from tomorrow in Cyprus, physically closer to the war in the Middle East, to discuss solutions to mitigate the impact of the energy crisis triggered by the conflict between the United States and Iran. António Costa also wants to discuss the next EU budget, and Zelensky is pushing for progress in the accession process.

From price regulation to carsharing, European Commission suggests measures against the energy crisis

Without going as far as advising against air travel or proposing mandatory remote work, Brussels suggests that countries invest in various sectors, from transport to housing.

Three vessels hit by gunfire in the Strait of Hormuz

At least three container ships were hit by gunfire in the Strait of Hormuz this Wednesday, according to maritime security sources and the United Kingdom Maritime Trade Operations (UKMTO). According to Iran's Revolutionary Guard, two vessels were seized for alleged maritime violations and transferred to the Iranian coast. We are following the development of the situation here.

European Commissioner anticipates "very difficult months and years" due to energy crisis

The European Commission anticipated today “very difficult months and years” due to the current energy crisis caused by the conflict in the Middle East, admitting pressure on aviation fuel and concern regarding tourism in the European Union (EU).

EC retreats on remote work and fewer flights to save energy

The European Commission presented a package of measures to address the energy crisis, but did not mention suggestions to reduce energy consumption, which had been included in previous drafts.

European Commissioner anticipates "very difficult months and years" due to the energy crisis

Brussels released a set of measures this morning to address high energy prices.

Renewables aren’t enough: energy crisis forces Portugal to look to oil, gas, and nuclear - Portugal Resident

European Commission anticipates “very difficult months and years” due to energy crisis

The European Commission warned on Wednesday, the 22nd, of “very difficult months and years” ahead due to the current energy crisis triggered by the conflict in the Middle East. The Commission acknowledged pressure on aviation fuel and expressed concern regarding tourism in the European Union (EU). European Commissioner for Energy, Dan Jørgensen, stated in Brussels that this is not a minor short-term price hike, but a crisis potentially as severe as those of 1973 and 2022 combined. During a press conference presenting measures to address the energy crisis caused by the war in Iran—initiated by US and Israeli strikes—Jørgensen noted that aviation is the sector under the most pressure due to obstacles in kerosene supply. Brussels is considering potential actions should there be a shortage of aviation fuel in the EU.

Tehran will only negotiate once the naval blockade in the Gulf is lifted

Tehran will only return to the negotiating table with the US once the naval blockade in the Persian Gulf is lifted, the Iranian ambassador to the United Nations stated in a first reaction to the extension of the ceasefire announced by Donald Trump. Meanwhile, the Iranian Revolutionary Guard warned that it will inflict “devastating blows” if fighting resumes. The second round of negotiations remains at risk. The European Union is presenting a set of measures today to respond to a potential energy crisis. We are following the situation as it develops here.

European Commission creates Fuel Observatory to identify potential shortages

The European Commission has announced the creation of a Fuel Observatory to monitor reserves across the EU and act swiftly against potential shortages caused by the conflict in the Middle East. The initiative is part of a broader package of measures to address the energy crisis, which includes clarifying flexibilities in the aviation sector, coordinating gas and oil reserve management, and accelerating the transition to clean energy through electrification. Brussels also plans to introduce temporary support for consumers and industry, promote private investment to meet the €660 billion annual transition cost, and encourage alternatives to car and air travel to reduce consumption.

Brussels wants to create a Fuel Observatory to identify potential shortages

The European Commission proposes the creation of a Fuel Observatory to monitor production and fuel levels in the European Union (EU), with the aim of quickly identifying potential shortages. The measure is part of the package presented this Wednesday in Brussels to mitigate the impact of the fuel crisis, following the war in...

European Commission creates Fuel Observatory to identify potential shortages

The measure is part of a package to address the energy crisis caused by the war in the Middle East region.

European Commission presents package of six measures to combat effects of energy crisis

Brussels believes that “coordination [between member states] is the key” to overcoming another inflationary spike driven by the disruption of the fossil fuel market.

Remote work and fewer plane trips. Brussels wants less energy and fuel consumption

Remote work, carpooling, lower public transport prices, and support for the most vulnerable consumers. These are some of the 55 measures that Brussels wants to implement to tackle the energy crisis.

EU presents measures to mitigate energy crisis caused by war in the Middle East

The European Commission is set to unveil a package of measures this Wednesday, the 22nd, to address the energy crisis triggered by the conflict in the Middle East. The goal is to reduce energy consumption across the European Union and increase strategic storage by encouraging alternatives to car and air travel. The plan includes support for consumers and businesses, potential tax cuts, and tariff adjustments. These initiatives follow nearly two months of tensions involving the US, Israel, and Iran, which have led to high energy prices. The Commission proposes measures such as shared bicycles, car-free zones, carpooling, increased use of electric vehicles, and public transport incentives. It also suggests limiting air travel, adjusting air conditioning in public buildings, and regulating domestic boilers. For businesses, the focus is on renewable energy and efficiency. Brussels also aims to coordinate gas reserves and potential oil releases to manage supply, noting that while EU gas reserves are at 30.40%, Portugal holds 91.26% capacity. The crisis highlights the urgent need for the EU to diversify suppliers and accelerate the transition to renewable energy to reduce exposure to external shocks.

European Commission presents support measures today in response to the energy crisis

The European Commission will present a package of support measures today in response to the energy crisis caused by the conflict in the Middle East, calling for alternatives to cars and planes to reduce consumption in the European Union (EU) and increase storage.

European Commission presents support measures today in response to the energy crisis

The European Commission will present a package of support measures today in response to the energy crisis caused by the conflict in the Middle East, calling for alternatives to cars and planes to reduce consumption in the European Union (EU) and increase storage.