European Commissioner for Energy and Housing

They sort of didn't want to be the one who was giving the- these new licenses, and then maybe in ten years' time would be held to account for being the ones that made this decision that turned out to be economically very, very harmful.

Anyway, so this licensing round was canceled and the new climate energy minister, Dan Jørgensen, who's currently the European Commissioner for Energy and Housing, actually then went one step further to try and create the momentum for saying, "Well, why don't we put an end date to all production?" So we don't just limit future production, but we actually set an end date to, to existing production as well.

And a broad political arrangement was then, uh, agreed upon with actually almost all political parties, including ones on the right and even ones on the far right, to say, "We'll put an end date to production of twenty fifty and we'll ban..." Well, they called it banning new licenses, but there were-- there was a couple of loopholes, uh, within that, uh, around, uh, things like tie-backs, which are also very alive in, in the UK discussion.

And it was very clear that this was motivated around saying, "Look, we can't say..." So the Climate Act stipulates twenty fifty, there has to be, uh, net neutrality.

And Trump's demand, which amounts to around 670,000 barrels per day, it already talks about around 40% of the diesel reserves being depleted.

So I would not be very surprised at the European Energy Commissioner's remarks because, uh, we are living in a world where each, uh, country, each, uh, man is for itself, right? Um, this is the era of energy security, and I would not think that this is going to have a very significant impact on the global diesel prices.

Interesting.

Um, how much of the current price pressure is coming from global oil and gas markets, and how much is specific to Europe?

The draft budget also includes significant changes in taxes aimed at reducing the fiscal burden on middle-income earners while balancing the budget through higher levies on corporations and millionaires.

Speaking in Dublin on Tuesday, EU Energy Commissioner Dan Jorgensen addressed the fears regarding the bloc's energy preparedness for winter.

We see no immediate risk when it comes to energy supplies in Europe.

We've done and are doing a lot of work to ensure that by working closely with our member states and the sector.

Still, when you have plenty of European citizens struggling with their bills and workers striving to work every day who pay such high prices at the tank station, to me it's pretty clear that we are not in a good position.

This is why we need to act all together as a union.

the EU Energy Commissioner said Reuters reported.

Jorgensen also emphasised that the EU was looking at ways to improve the availability and affordability of transport fuels and called for faster implementation of existing EU energy legislation.

And we need to be very careful by not saying, oh, yes, this is just OK.

And by the way, The Energy Commissioner, Dan Jorgensen, has finally told countries, well, maybe it's time to look at demand and maybe it's time to reduce a little bit your gas and your power demand.

And, well, it's about time, my friend, because honestly, I have been saying that for the past six months.

I mean...

Gas Infrastructure Europe publishes the daily figures.

On the methane rule, Gas Outlook reports the EU Energy Commissioner has asked his staff to examine postponing the import requirements by one year.

Equivalent monitoring for newer imports is due from twenty twenty-seven.

The Commission recommends withholding some penalties, but that guidance does not itself change the law.