EU nations implement measures like tax cuts and subsidies amid energy crisis and high oil/gas prices.
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European countries are implementing measures such as tax cuts, subsidies, and delays in coal use to respond to persistently high oil and gas prices amid an energy crisis. Additionally, the Neptun Deep project aims to double natural gas production at the Transocean Barent’s drilling platform in Romania, while experts suggest that energy prices may remain high depending on the progression of the Iran conflict despite a recent ceasefire announcement.
