During his participation in the Delphi Economic Forum, the EU Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, stated that the European Union maintains sufficient aviation fuel reserves, which could be activated for a period extending up to three months. Addressing the ongoing energy crisis, Tzitzikostas suggested that recent flight cancellations reported by some airlines are primarily attributable to escalating fuel costs rather than genuine supply shortages. He characterized the current energy situation as historically significant and predicted a challenging summer ahead.
The Commissioner also cautioned that the global ramifications could be severe should the conflict in the Middle East persist. On a defense matter, he highlighted the EU’s military mobility plan, which involves the modernization of 500 strategically vital sites across the continent. Furthermore, Tzitzikostas forecasted a noticeable downturn in tourist arrivals traveling from Asia to Europe.
The Delphi Forum continues through Saturday, April 25, hosting over 200 discussions and panels involving approximately 1,200 international speakers. Participants represent a diverse cross-section, including governments, international organizations, academia, and the business sector. The forum’s discussions are centered on key themes such as geopolitics, economic shifts, and technological transformations.
Topics: #fuel #sufficient #reserves
