In separate ad hoc meetings of the Gas Coordination Group and the Oil Coordination Group, the Commission and EU countries took stock of the situation concerning the EU’s gas and oil security of supply following the disruptions in the Middle East.
During the exchange, EU countries informed that they do not observe any immediate security of supply risks. Since the meeting of the Oil Coordination Group of 25 February, no additional oil stocks have been released and remain at high level. Gas storage filling levels in the EU remain stable.
The Commission will continue to monitor the situation and keep regular communication with EU countries and market participants. In case of a prolonged closure of the strait of Hormuz or further disruptions, the EU security of oil and gas supply will be reassessed.
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