European Union energy ministers are expected to discuss domestic natural gas drilling during an informal meeting in Cyprus on 13 May, against a backdrop of rising oil and gas prices and concerns over supply shortages, according to a document seen by Euronews.
Since the US-led conflict involving Iran, the EU has been grappling with an escalating energy crisis. Natural gas prices have remained elevated, standing at roughly double those in the United States and China, despite four years of market disruption following Russia’s withdrawal from the European market in 2022.
