European Commission plans refinery boost and fuel stock coordination

Reuters previously reported that the specific measures to be taken to address the issue of looming jet fuel shortages would be included in an emergency proposal of the European Commission due to be presented on 22 April. According to Reuters, the EU administration is planning to propose several measures which would gradually decrease the bloc’s reliance on imported energy sources, both in the short and long term.

Specifically, these measures include mapping refinery capacity across Europe, increasing jet fuel production where possible, and ensuring refineries operate at maximum efficiency. The EU is also considering coordinated monitoring of fuel stocks, joint purchasing of kerosene, and the release of emergency reserves if needed.

Officials are said to be working with airlines, airports, and member states to protect summer travel schedules. While the EU is officially stating that no current shortage exists, it remains concerned and is preparing these rapid contingency actions accordingly.

Tagged:
×