Skip to main content
Cyber Week Sale - Get 40% off Vantage
Published loading...Updated

EU Agrees to Phase Out Russian Gas Imports By 2027

EU will ban all Russian liquefied natural gas imports by January 2027 and pipeline gas by September 2027 to end reliance on Russia, which supplied 40% of its gas demand at peak.

  • Early on Wednesday, representatives of the European Parliament and EU governments clinched a deal to phase out Russian natural gas by 30 September 2027, the Danish Presidency said.
  • At its peak, Russia supplied about 40% of EU gas demand, roughly 140 billion cubic metres, and EU officials said Russia 'weaponized' supplies, destabilizing markets and raising prices.
  • Spot purchases will be prohibited from April 25, 2026 for Russian liquefied natural gas and June 17, 2026 for pipeline gas, while all Russian LNG imports will be banned from Jan. 1, 2027 and pipeline imports from 30 September 2027.
  • European companies will be allowed to invoke force majeure to exit contracts once the ban takes effect; entities breaching it face penalties up to �40 million or 3.5% turnover, and EU members must submit diversification plans to the European Commission by March 1.
  • EU officials estimate Russian LNG deliveries this year at around 15 billion euros, while the European Commission will propose a Russian pipeline oil ban early 2026, targeting end-2027; Hungary signalled it will keep buying Russian energy as plans for Hungary and Slovakia are drafted.
Insights by Ground AI

233 Articles

Lean Left

Energy from Russia: Imports of Russian energy to Europe have been declining for years, but certainly not yet completely zero. This should be the case from 2027 onwards…

·Netherlands
Read Full Article
Right

The EU has pre-approved the plan, which will completely ban Russian gas imports by 2027. There will be fixed deadlines, a transition period and strict restrictions.

·Budapest, Hungary
Read Full Article

The EU wants to be completely independent of Russian gas by the end of 2027 at the latest.

·Zürich, Switzerland
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 43% of the sources lean Left
43% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Bulletin of the Atomic Scientists broke the news in on Friday, October 14, 2022.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal