The looming crisis putting Europe’s energy security at risk  – POLITICO

As EU ministers gather in Brussels to debate the bloc’s competitiveness, the ongoing crisis in the Strait of Hormuz has highlighted Europe’s urgent need to protect its energy security, shield consumers and preserve industrial competitiveness.  

Separate from the conflict in the Middle East, the EU is on the cusp of knowingly exacerbating its own energy crisis. 

From 2027, stringent new methane rules mean the EU risks losing up to 43 percent of its natural gas and up to 87 percent of its oil supply, according to a study by Wood Mackenzie. The rules around monitoring, reporting and verification are so stringent that no country (and likely only few suppliers worldwide) will be able to fully meet the requirements in the foreseeable future.