The 27 member states of the European Union formally adopted the regulation on phasing out Russian imports of both pipeline gas and liquefied natural gas (LNG) into the EU on Monday.
The European Union announced it is entering a "new era" by phasing out all Russian gas and oil imports, with gas imports to stop by autumn 2027, European Commission President Ursula von der Leyen said on Wednesday.
A new report by the Oxford Institute for Energy Studies warns that the global effort to cut dependence on Russian gas is creating short-term volatility in pricing, largely due to tightening supply conditions and shifting geopolitical alignments.
The EU pledged financial aid to Ukraine through 2027, approved its 19th sanctions package against Russia, and began talks to ban Russian gas and oil imports. Zelenskyy welcomed the support, while EU leaders emphasized long-term backing for Ukraine and measures to counter Russia's energy w
The Council confirmed that imports of Russian gas will be prohibited from January 2026, while maintaining a transition period for existing short term contracts from June 2026 whereas long-term contracts may run until January 1, 2028.
In 2024, natural gas production in Russia is expected to add 4.6 per cent and climb to 666.7 bln cubic meters in the base case scenario, the Russian Ministry of Economic Development said in its socioeconomic development forecast for the country.
Russian President Vladimir Putin accused the United States and the Central Intelligence Agency (CIA) of the explosions of the Nord Stream pipelines, which cut off a major route for Russian gas exports to Europe, fueling geopolitical tensions.
Firstly, the lack of infrastructure in Pakistan to handle gas imports will prove to be an impediment. Secondly, the inadequate capacity in the existing pipeline system to transport gas from one point to another.
Bexbach [Germany], August 2 (ANI): Germany is going to allow 21 coal plants to restart or work past planned closing dates for the next two winters, according to media reports.
Budapest [Hungary], July 29 (ANI/Sputnik): Hungary plans to purchase an additional 700 million cubic meters of gas from Russia during the summer, Prime Minister Viktor Orban said on Friday.
Moscow [Russia], June 28 (ANI/Sputnik): French President Emmanuel Macron on Tuesday spoke in support of the introduction of a price ceiling for Russian gas, which G7 states will continue to discuss "in the coming weeks."
Berlin [Germany], June 24 (ANI/Xinhua): Germany's government on Thursday declared the second stage of the country's national gas emergency plan, after Russian gas supplies via the Nord Stream 1 pipeline were reduced to 40 per cent of capacity.