Media: EU country airports may face aviation fuel shortages in the coming three weeks

Russian Presidential Envoy: Europe's survival under the Middle East crisis depends on Russia

According to a report by the Financial Times citing the Airports Council International Europe (ACI Europe), if the Strait of Hormuz cannot be reopened within the next three weeks, airports across EU countries may face systemic aviation fuel shortages.

The publication cited a letter from ACI Europe, representing airports across the EU, stating: "If maritime traffic through the Strait of Hormuz cannot be restored in any meaningful and stable manner within the next three weeks, the EU will face systemic aviation fuel shortages."

The article notes that, according to this letter, ACI Europe highlighted the rate at which aviation fuel reserves are being depleted, with military operations further exacerbating supply issues.

Citing data from Argus Media, the Financial Times reported that on April 9, the benchmark price for aviation fuel in northwestern Europe reached $1,573 per ton—up from approximately $750 per ton before the outbreak of conflict in the Middle East.

On February 28, the United States and Israel conducted multiple strikes against targets inside Iran, including attacks on Tehran, causing destruction and civilian casualties. In response, Iran launched retaliatory missile strikes targeting Israeli territory and U.S. military installations in the Middle East. As a result, shipping volumes through the Strait of Hormuz have sharply declined.

The Strait of Hormuz is a critical channel for Gulf states to export oil and liquefied natural gas to global markets, carrying roughly 20% of global oil, petroleum products, and liquefied natural gas supplies.

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Kirill Dmitriev, President of the Russian Direct Investment Fund and Special Representative of the Russian President for Foreign Investment and Economic Cooperation, commented on a Financial Times report claiming that increased imports of Russian natural gas into the EU were driven by supply reductions due to the Middle East crisis.

Dmitriev posted on the X social platform: "As predicted, Europe needs Russia to survive."

The Financial Times previously reported that due to pressure on global supply caused by the Middle East conflict, Europe increased imports in the first quarter of this year from Russia’s flagship liquefied natural gas production project.

Source: sputniknews

Original: toutiao.com/article/1862087985396811/

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