“The European Union is set to propose measures to ban Russian gas imports by the end of 2027, as the bloc pushes to sever ties with the country that was once its biggest energy supplier.
The EU is moving ahead with a long-held intention to phase out Russian fossil fuels, after earlier this year delaying the release of its “road map” in order to assess the impact of US efforts to end the war in Ukraine, according to people familiar with the matter. Russian gas flows to Europe dropped sharply in the wake of Moscow’s full invasion in 2022, but it remains a substantial supplier, through a pipeline via Turkey and shipments of liquefied natural gas.
The EU plans to propose in June a ban on all gas purchases under new deals with Russia and existing spot contracts, which account for about a third of imports, to take effect before the end of the year, according to the people.
The European Commission, the bloc’s executive branch, will next month also adopt measures to end the remaining imports of Russian pipeline and LNG gas tied up in long-term contracts, but they will require a longer transition until the end of 2027, the people said.
The efforts to end reliance on Russian gas will open the way for US suppliers to send more LNG to Europe, something that President Donald Trump has repeatedly called for. Costs and security remain a key focus in the wake of the energy crisis, but the EU expects its plan will have a limited effect on prices as a wave of new LNG supply hits the global market in coming years, the people said.
The stakes are huge: The EU purchased a total of €23 billion ($26 billion) in Russian energy in 2024, exceeding its military assistance to Ukraine last year. Russian imports still accounted for 19% of the 27-nation bloc’s total gas purchases last year, after LNG shipments surged to a record after Gazprom PJSC squeezed pipeline flows.
That commission’s timeline rests on the bloc’s ability to source alternative LNG supplies from the US, Qatar, Canada and Africa, according to the people. Purchases from the US are being discussed as part of trade talks with the Trump administration, Bloomberg reported last week.
While EU gas prices are now just a 10th of the peak they reached during the energy crisis following Russia’s invasion of Ukraine in 2022, the region’s supply is still tight as it replenishes depleted reserves. Significant volumes of new supply from the US and Qatar are expected from only 2027 onward.
The commission’s plans — to be unveiled in Strasbourg on Tuesday — are subject to change before the announcement, the people said. Benchmark European gas futures fell as much as 2.1% on Monday before paring those losses.” – Bloomberg
No_Detail9259 on
Do it now. Don’t talk about it for two years.
Nebuladiver on
About time
DatOneAxolotl on
Which will then be delayed to 2030, then to 2032, then 2034 and will continue to be delayed indefinitely.
Old-Dot-9560 on
Good, however if ur gonna vote for this, say nein because wo la la hungary is here to say no.
Rally_Sport on
They can’t do it now with Orban around. They are waiting for the regime change 😂!
GrandAdmiralSnackbar on
Why doesn’t the EU just implement a very high tariff on Russian oil and gas? Banning requires unanimity as far as I understand, but setting tariffs is an EU competence. They don’t need approval from Hungary or Slovakia to just hike up the tariff to 500% and effectively destroy the import through that.
Miserable-Impact8893 on
Why wait for so long?
GovernmentBig2749 on
“Bureaucrats Morty, I don’t respect them”
-Rick Sanchez-
hlrabbit on
Wait, so actually Europe has been sponsoring Russia all the time?! I thought only China did.
MrCinnamon-420 on
EU is a joke!
Adventurous-Laugh791 on
Russia is just gas-guns industry, it will turn into zimbabwe in its poorer years if you hit any of these 2 industries, for the time being it’s like a slightly richer zimbabwe, maybe like southern uganda but not quite there.
mods4mods on
You would’ve thought they did this already, my god.
will_dormer on
By that time we can get the gas from canada
freecodeio on
They’ve moved from proposing things to setting to propose things.
Ace_of_H3rtz on
I know about 2 countries in EU that will oppose this idea.
DrachenDad on
Why not do so at the start of the invasion of Ukraine ?
17 commenti
“The European Union is set to propose measures to ban Russian gas imports by the end of 2027, as the bloc pushes to sever ties with the country that was once its biggest energy supplier.
The EU is moving ahead with a long-held intention to phase out Russian fossil fuels, after earlier this year delaying the release of its “road map” in order to assess the impact of US efforts to end the war in Ukraine, according to people familiar with the matter. Russian gas flows to Europe dropped sharply in the wake of Moscow’s full invasion in 2022, but it remains a substantial supplier, through a pipeline via Turkey and shipments of liquefied natural gas.
The EU plans to propose in June a ban on all gas purchases under new deals with Russia and existing spot contracts, which account for about a third of imports, to take effect before the end of the year, according to the people.
The European Commission, the bloc’s executive branch, will next month also adopt measures to end the remaining imports of Russian pipeline and LNG gas tied up in long-term contracts, but they will require a longer transition until the end of 2027, the people said.
The efforts to end reliance on Russian gas will open the way for US suppliers to send more LNG to Europe, something that President Donald Trump has repeatedly called for. Costs and security remain a key focus in the wake of the energy crisis, but the EU expects its plan will have a limited effect on prices as a wave of new LNG supply hits the global market in coming years, the people said.
The stakes are huge: The EU purchased a total of €23 billion ($26 billion) in Russian energy in 2024, exceeding its military assistance to Ukraine last year. Russian imports still accounted for 19% of the 27-nation bloc’s total gas purchases last year, after LNG shipments surged to a record after Gazprom PJSC squeezed pipeline flows.
That commission’s timeline rests on the bloc’s ability to source alternative LNG supplies from the US, Qatar, Canada and Africa, according to the people. Purchases from the US are being discussed as part of trade talks with the Trump administration, Bloomberg reported last week.
While EU gas prices are now just a 10th of the peak they reached during the energy crisis following Russia’s invasion of Ukraine in 2022, the region’s supply is still tight as it replenishes depleted reserves. Significant volumes of new supply from the US and Qatar are expected from only 2027 onward.
The commission’s plans — to be unveiled in Strasbourg on Tuesday — are subject to change before the announcement, the people said. Benchmark European gas futures fell as much as 2.1% on Monday before paring those losses.” – Bloomberg
Do it now. Don’t talk about it for two years.
About time
Which will then be delayed to 2030, then to 2032, then 2034 and will continue to be delayed indefinitely.
Good, however if ur gonna vote for this, say nein because wo la la hungary is here to say no.
They can’t do it now with Orban around. They are waiting for the regime change 😂!
Why doesn’t the EU just implement a very high tariff on Russian oil and gas? Banning requires unanimity as far as I understand, but setting tariffs is an EU competence. They don’t need approval from Hungary or Slovakia to just hike up the tariff to 500% and effectively destroy the import through that.
Why wait for so long?
“Bureaucrats Morty, I don’t respect them”
-Rick Sanchez-
Wait, so actually Europe has been sponsoring Russia all the time?! I thought only China did.
EU is a joke!
Russia is just gas-guns industry, it will turn into zimbabwe in its poorer years if you hit any of these 2 industries, for the time being it’s like a slightly richer zimbabwe, maybe like southern uganda but not quite there.
You would’ve thought they did this already, my god.
By that time we can get the gas from canada
They’ve moved from proposing things to setting to propose things.
I know about 2 countries in EU that will oppose this idea.
Why not do so at the start of the invasion of Ukraine ?