The European Commission presented on Tuesday a new road map, conveying officially plans to cease all imports of Russian gas to the European Union by the end of 2027 in an effort to end the bloc’s energy dependence on Moscow.
The commission will next month propose legal measures to phase out the EU’s imports of all Russian gas and liquefied natural gas (LNG) by the end of 2027, it said Tuesday.
The European Union vowed to end its decades-old energy relations with former top gas supplier Russia after Moscow’s full-scale invasion of Ukraine in 2022. The commission outlined how it plans to do this in a “road map” published on Tuesday.
The EU executive will present a legal proposal in June to ban remaining Russian gas and LNG imports under existing contracts by the end of 2027, it said. It will also propose a ban on Russian gas imports under new deals and existing spot contracts by the end of 2025.
“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,” European Commission President Ursula von der Leyen said in a statement.
A draft of the EU road map was previously reported by Reuters.
The U.S. is pushing Russia for a peace deal with Ukraine, which, if reached, may reopen the door for Russian energy and ease sanctions. But while executives in some EU industries have signalled support for a return to Russian gas, the EU is pressing ahead with efforts to cut decades-old energy ties with Moscow.
Around 19% of Europe’s gas still comes from Russia, via the TurkStream pipeline and liquefied natural gas shipments – down from roughly 45% before 2022.
The European Commission has signalled willingness to buy more U.S. LNG to replace Russian volumes, a step President Donald Trump has demanded as a way of shrinking the EU’s trade surplus with the United States.
Approval needed
The commission did not specify what legal options it plans to use to allow European companies to break their existing Russian gas contracts.
New EU legislative proposals need approval from the European Parliament and a reinforced majority of EU countries.
The EU has imposed sanctions on Russian coal and most oil imports, but not on gas due to opposition from Slovakia and Hungary, which receive Russian pipeline supplies and say switching to alternatives would hike energy prices. Sanctions require unanimous approval from all 27 EU countries.
EU countries will be required to produce national plans for phasing out Russian gas, and oil in the case of Slovakia and Hungary, which still import more than 80% of their oil from Russia.
The commission said its proposals, if implemented alongside global market developments, should limit any impact that phasing out Russian gas would have on European energy prices.
The EU is also betting on renewable energy to slash its overall fossil fuel use.
European buyers still have “take-or-pay” contracts with Gazprom, which require those who refuse gas deliveries to pay for much of the contracted volumes.
Lawyers have said it would be difficult to invoke “force majeure” to quit these deals without exposing buyers to financial penalties or arbitration.
The EU imported 32 billion cubic meters (bcm) of Russian gas via pipeline and 20 bcm of Russian LNG last year. Overall, two-thirds of this supply is under long-term contracts, while one-third is uncontracted “spot” purchases.
The commission will also propose measures next month targeting Russian enriched uranium, including restrictions on new supply contracts co-signed by the Euratom Supply Agency, it said.
Be First to Comment