During his participation in the Delphi Economic Forum, the European Union Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, addressed the region’s energy security. He stated that the EU possesses sufficient reserves of aviation fuel, confirming that emergency stocks could be activated for a period extending up to three months. Tzitzikostas focused heavily on the ongoing energy crisis, suggesting that flight cancellations reported by some airlines are primarily attributable to escalating fuel costs rather than actual supply shortages.
He characterized the current energy situation as historic in scale and issued a forecast of a challenging summer ahead. Furthermore, he cautioned that the global repercussions could be severe if the conflict in the Middle East does not reach a swift conclusion. In terms of preparedness, the Commissioner highlighted the EU’s military mobility plan, which involves the modernization of 500 strategically important sites across the continent.
On the economic front, Tzitzikostas predicted a notable decline in tourist arrivals originating from Asia traveling to Europe. The Delphi Forum, which continues until Saturday, April 25, is hosting over 200 discussions and panels featuring approximately 1,200 international speakers. Participants represent diverse sectors, including governments, international organizations, academia, and business, with discussions centering on geopolitics, economic trends, and technological transformation.
Topics: #fuel #sufficient #reserves
