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Summary is AI Generated. Newsroom Reviewed
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Summary is AI Generated. Newsroom Reviewed
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The European Union plans to phase out Russian natural gas by 2027
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The move aims to end dependency on Russian gas and boost EU energy security
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The EU Council highlighted the regulation’s role in strengthening energy security
The European Union has reached a deal to phase out Russian natural gas by 2027, the latest move to ratchet up pressure on Moscow over its invasion of Ukraine.
“The regulation will contribute to ending any dependency on Russian gas and strengthening the EU’s energy security,” the EU Council press office said in a post on X.
Traders and energy companies have been closely watching the EU’s move away from Russian gas and its shift to alternative suppliers such as the US and Middle East countries.
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