The European Commission is preparing to propose legal measures next month to phase out the EU's imports of Russian gas and LNG by 2027.
The European Commission announced on Tuesday that it will propose legal measures in June to phase out the European Union’s imports of Russian gas and liquefied natural gas (LNG) by the end of 2027. This is part of the EU's strategy to end its long-standing energy relationship with Russia.
According to the Commission, the upcoming legal proposal will include a ban on remaining Russian gas imports under existing contracts by 2027 and will also target Russian gas imports under new agreements and spot contracts by 2025.
As of now, around 19% of Europe’s gas still comes from Russia, a significant decrease from 45% prior to the invasion. While some EU industries have expressed support for the resumption of Russian gas imports, the EU continues to push forward with efforts to reduce reliance on Russian energy, including increasing its purchases of LNG from the U.S. to replace lost Russian volumes.
In addition to the gas measures, the Commission plans to introduce a ban on Russian enriched uranium supply contracts. However, the legal options for breaking existing Russian gas contracts have yet to be outlined, with approval from the European Parliament and a majority of EU countries needed for the proposal to move forward.
The EU has already imposed sanctions on Russian coal and most oil imports, but gas has remained a point of contention, particularly for countries like Slovakia and Hungary, which still rely heavily on Russian pipeline gas.
The Commission’s plan aims to mitigate the impact on European energy prices, which could be affected by the phased-out gas imports. In addition to diversifying energy sources, the EU is betting on renewable energy to reduce overall fossil fuel consumption.
Israel's Defence Minister Israel Katz has said that Iran's security chief Ali Larijani was killed in ta...
Joseph Kent, head of the U.S. National Counterterrorism Center, resigned on Tuesday (17 March), becoming the most senior official in President Dona...
Israel’s Defence Minister Israel Katz has said the country’s military killed two of Iran’s most senior security figu...
A series of severe storms, blizzards and tornadoes on Monday disrupted life across much of the U.S., leaving more than 12,500 flights delayed or ca...
China’s international trade representative has said Beijing and Washington have reached a “preliminary consensus” on some key iss...
Israel's Defence Minister Israel Katz has said that Iran's security chief Ali Larijani was killed in targeted strikes on the country.
Joseph Kent, head of the U.S. National Counterterrorism Center, resigned on Tuesday (17 March), becoming the most senior official in President Donald Trump’s administration to step down over the war in Iran. Kent cited his opposition to the conflict, stating that Tehran posed no imminent threat.
China’s international trade representative has said Beijing and Washington have reached a “preliminary consensus” on some key issues following their latest round of talks in Paris, offering a cautious sign of progress in a relationship long marked by tension and uncertainty.
Tensions between Pakistan and the Afghan Taliban have surged after the Taliban government accused Islamabad of carrying out an attack that killed more than 400 people, an allegation Pakistan denies. Here is how the two sides compare in military strength, from troop numbers to nuclear capability.
The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
Israel's Defence Minister Israel Katz has said that Iran's security chief Ali Larijani was killed in targeted strikes on the country.
Kazakhstan has adopted a new constitution that could allow President Kassym-Jomart Tokayev to stay in power beyond 2029. The Central Election Commission confirmed that 87.15% of voters backed the constitution in a referendum held on Sunday (17 March).
The World Health Organization (WHO) has released $2m in emergency funding to support health responses in Lebanon, Iraq and Syria as escalating regional conflict strains hospitals, raises displacement and increases pressure on already fragile health systems.
A series of severe storms, blizzards and tornadoes on Monday disrupted life across much of the U.S., leaving more than 12,500 flights delayed or cancelled and forcing schools, federal offices and communities to take emergency precautions.
China’s international trade representative has said Beijing and Washington have reached a “preliminary consensus” on some key issues following their latest round of talks in Paris, offering a cautious sign of progress in a relationship long marked by tension and uncertainty.
Chile’s newly inaugurated president, José Antonio Kast, has taken his first major step on immigration, launching plans for a fortified barrier along the country’s northern border just days after entering office.
A Russian drone attack damaged industrial, port, and energy infrastructure in Ukraine's southern Odesa region overnight. The strikes disrupted power supplies in several settlements, prompting local authorities to switch critical facilities to backup power generators.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 17 March, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment