Connect with us

    Hi, what are you looking for?

    World

    EU to Ban Russian Gas Imports by 2027

    European Union (EU) lawmakers and member states have reached a political agreement to ban all imports of Russian natural gas into the bloc by autumn 2027, in what officials describe as a landmark step to end reliance on Moscow’s energy supplies.

    EU to Ban Russian Gas Imports by 2027

    EU

    The European Council announced on Wednesday that the deal represents a compromise between EU governments and the European Parliament, which had earlier pressed for an earlier cutoff date.

    “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,” the Council said in a statement.

    Under the agreement, long-term contracts for Russian pipeline gas will be prohibited from Nov. 1, 2027, while long-term liquefied natural gas (LNG) contracts will end on Jan. 1, 2027. Short-term contracts will be phased out earlier, with bans taking effect from Apr. 25, 2026 for LNG and Jun. 17, 2026 for pipeline gas.

    EU officials said the move is aimed at ending dependency on Russian energy following Moscow’s “weaponisation of gas supplies,” which has had significant effects on the European energy market since the war in Ukraine.

    The timeline still requires formal approval from both the European Parliament and the EU’s member states, but diplomats say the political consensus marks a decisive shift in Europe’s energy strategy after nearly three years of efforts to reduce reliance on Russian supplies.

    Energy analysts note that the ban will accelerate Europe’s diversification drive, with increased imports from alternative suppliers such as the United States and Qatar, alongside investments in renewable energy and LNG infrastructure.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Tech

    LR: Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms; Abraham Oshadami, Executive Commissioner (Technical Services) for the Nigerian...

    News

    As Nigeria accelerates toward the nationwide adoption of Computer-Based Testing (CBT) for the West African Examinations Council (WAEC) and National Examinations Council (NECO) examinations...

    News

    Facebook has delivered a culturally relevant experience at the recently concluded AprokoNation Fiesta 2025, engaging thousands of young Nigerians through immersive activities and creator‑driven...

    News

    Vodacom Tanzania, the country’s leading telco company, is revolutionizing cross-border trade and digital financial inclusion with the launch of M-Pesa Global Payment. In partnership...