Summary
The European Union has agreed to stop importing gas from Russia by November 2027. The plan will phase out imports of Russian liquefied natural gas and pipeline gas, aiming to reduce dependency on Russian energy. The agreement still needs final approval from the European Parliament and the European Council.
Key Facts
- The EU plans to end all Russian gas imports by November 2027.
- This deal includes stopping Russian LNG imports by the end of 2026 and pipeline gas by November 2027.
- The EU previously relied on Russia for about 50% of its energy before the war in Ukraine.
- Currently, Russian gas makes up 19% of the EU’s imports, down from 45% in 2021.
- Some EU countries, like Hungary and Slovakia, have resisted sanctions on Russian energy.
- "Force majeure" will allow EU companies to break existing contracts due to the import ban.
- LNG from Russia accounted for 20% of EU imports in 2024, behind the United States.
- The final deal needs approval from the European Parliament and European Council.
