The European Commission has presented a roadmap to ensure the EU fully ends its dependency on Russian energy, while ensuring stable energy supplies and prices across the EU.
The European Union has significantly reduced its reliance on Russian gas, cutting imports from 45% to 19% since the launch of the REPowerEU Plan in May 2022. The initiative was aimed at decreasing the EU’s energy dependence on Russia. However, in 2024, Russian gas imports experienced a rebound, according to European Commission.
"The message to Russia is clear: No more shall Euros go into your war chest. Your gas will be banned. Your shadow fleet will be stopped.” We do this to preserve our security. But it is also an important step towards becoming energy independent. Producing our own clean affordable energy instead of importing expensive fossils fuels," - said Dan Jørgensen, Commissioner for Energy and Housing.
The new roadmap will see a gradual removal of Russian oil, gas and nuclear energy from the EU markets in a coordinated and secure manner as the EU transitions to clean energy.
EU countries will prepare national plans by the end of 2025 setting out how they will contribute to phasing out imports of Russian gas, nuclear energy and oil. At the same time, efforts will continue to accelerate the EU’s energy transition and diversify energy supplies to eliminate risks to the security of supply and market stability.
The roadmap includes measures to:
gas: stop all imports of Russian gas by the end of 2027 by improving the transparency, monitoring and traceability of Russian gas across the EU markets. New contracts with suppliers of Russian gas will be prevented and spot contracts (for immediate payment) will be stopped by the end of 2025.
oil: take fresh action to address Russia's ‘shadow fleet’ (vessels employed by Russia to evade sanctions) transporting oil
nuclear: restrict new supply contracts co-signed by the Euratom Supply Agency for uranium, enriched uranium and other nuclear materials deriving from Russia.
Commission President Ursula von der Leyen said: "The war in Ukraine has brutally exposed the risks of blackmail, economic coercion and price shocks. With REPowerEU, we have diversified our energy supply and drastically reduced Europe's former dependency on Russian fossil fuels. It is now time for Europe to completely cut off its energy ties with an unreliable supplier. And energy that comes to our continent should not pay for a war of aggression against Ukraine. We owe this to our citizens, to our companies and to our brave Ukrainian friends."
As of 2025, the global LNG supplies are foreseen to grow rapidly, while gas demand will decrease. With the full implementation of the energy transition framework and the Action Plan for Affordable Energy, the EU is expected to replace up to 100 billion cubic meters of natural gas by 2030, which means a decrease in demand by 40-50 bcm by 2027. At the same time, LNG capacities are expected to increase by around 200 bcm by 2028, which is five times more than current EU imports of Russian gas.
Today's roadmap will be followed by legislative proposals by the Commission next month.
Four members of Syria’s Internal Security Forces were killed on Monday in an attack by the ISIS (Daesh) terrorist group targeting a checkpoint west ...
Georgia is increasing its focus on regional connectivity and infrastructure cooperation with Armenia, as competition over new transport routes and cha...
More than 661,000 citizens of Uzbekistan have registered on licensed cryptocurrency platforms, as the country continues to formalise and regulate its ...
The former British ambassador to the U.S. Peter Mandelson has been arrested by police in London on suspicion of misconduct in public office....
Iranian President Masoud Pezeshkian has said nuclear talks with United States have “yielded encouraging signals” stressing Iran’s readiness “f...
Iran is signalling to the United States that it retains the capacity to destabilise key regional and global interests, particularly energy markets, according to political analyst Chingiz Mammadov, Research Alumni at the National Endowment for Democracy.
Azerbaijan's state-owned company, SOCAR, has started supplying natural gas to Austria and Germany, the company has confirmed.
Prime Minister Benjamin Netanyahu has greenlit a landmark energy agreement that will see Israel export natural gas valued at approximately $35 billion to Egypt.
Nigeria has approved the payment of 185 billion naira ($128 million) to clear longstanding debts owed to gas producers, a move aimed at restoring confidence in the country’s energy market and improving electricity supply.
A seven-month-old Japanese macaque has drawn international attention after forming an unusual bond with a stuffed orangutan toy after being rejected by its mother.
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of on Lake Baikal in Russia, authorities said.
Pakistan said it carried out cross-border strikes on militant targets inside Afghanistan after blaming a series of recent suicide bombings, including attacks during the holy month of Ramadan, on fighters it said were operating from Afghan territory.
Italy said a fond farewell to the Winter Olympics on Sunday with an open-air ceremony in the ancient Verona Arena that celebrated art and sporting achievement at a Games lauded as a model for how to stage such events.
Ukraine’s President Volodymyr Zelenskyy has approved new sanctions targeting Russian maritime operators, defence-linked companies and individuals connected to Moscow’s military and energy sectors, according to official decrees issued on Saturday.
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment