- The EU has warned that emergency stocks must be put to best use as it has laid out a plan for the jet fuel crisis.
- European Commissioner Apostolos Tzitzikostas has confirmed no shortages as of today but has warned of catastrophic consequences from a continued Strait of Hormuz blockade.
- The EU has imported 30 to 40pc of its jet fuel needs with half originated from the Middle East before the bombing of Iran on 28 February.
- The commission has set up a new fuel observatory to monitor supplies and has examined imports of US Jet A fuel.
- The commission has provided guidance on airport slots, anti-tankering, passenger rights and public service obligations for airlines.
EU warns ‘emergency stocks must be put to best use’ as it lays out plan to deal with jet fuel crisis
The EU has warned that emergency stocks must be put to best use as it has laid out a plan to deal with the jet fuel crisis. European Commissioner Apostolos Tzitzikostas has confirmed that the commission has provided guidance to airlines on airport slots, anti-tankering, passenger rights and public service obligations in the event of jet fuel shortages due to the Iran war.
He stated that there were no shortages as of today but the consequences of a continued blockade of the narrow Strait of Hormuz would be catastrophic for Europe and the world. One-fifth of the world’s oil and liquefied natural gas has sailed through the Strait of Hormuz before the US-Israel has begun bombing Iran on 28 February.
The EU imports about 30 to 40pc of its jet fuel needs of which half has originated from the Middle East. The commission has set up a new fuel observatory to monitor supplies starting with jet fuel. The commission has examined options to import alternatives such as US jet fuel grade Jet A which has a higher freezing point than the European standard.
