16/04/2026 – Response to high utility bills and the energy crisis: The European Union meets next week in Cyprus – Read more news

GAS & POWER: Concern is growing in Brussels over a prolonged blockade of the Strait of Hormuz. In the event of a rapid resolution of the situation, commodity prices are still expected to remain above average for the coming months, while more negative scenarios predict extreme price spikes with industrial and residential demand quota effects. A package of measures against high utility bills will be presented on April 22, while the informal summit taking place in Cyprus over the following two days will discuss the response to the ongoing energy crisis more broadly.

ITALIA: Yesterday, Edison's CEO confirmed that he expected further communication from QatarEnergy regarding deliveries expected beyond mid-June, although the likelihood of a prolongation of the force majeure status is considered high. The group, meanwhile, purchased seven cargoes on spot markets to offset the shortage expected between April and May, mainly from American suppliers.