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EU Agrees Deal To Ban Russian Gas By Autumn 2027

EU Agrees Deal To Ban Russian Gas By Autumn 2027

by Blessing Adeiyi
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This photograph taken on December 15, 2023, shows lined up flags of the European Union on display at the European headquarters during the European Union summit, in Brussels. – (Photo by Miguel MEDINA / AFP)

EU lawmakers and European member states announced early Wednesday that they had agreed on a deal to ban all imports of Russian gas into the European Union by autumn 2027.

The accord marks a compromise between the member states and the European Parliament, which wanted the ban to come in sooner.

“Today, the Council presidency and the European Parliament’s representatives reached a provisional agreement on the regulation to phase out imports of Russian natural gas,” said a European Council statement.

The move aims “to end dependency on Russian energy following Russia’s weaponisation of gas supplies with significant effects on the European energy market”, it said.

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The ban on long-term contracts will apply from November 1, 2027, at the latest for gas delivered by pipelines and from January 1, 2027, for liquified natural gas (LNG).

For short-term contracts, the ban will come in from April 25, 2026, for LNG and from June 17, 2026, for pipeline gas.

The timeline must get final approval from the European Parliament and member states.

AFP

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