EU finalizes ban on Russian gas, LNG by 2027

The EU will phase out all imports of Russian gas and LNG by late 2027 following a final European Council vote Jan. 26, cementing the landmark policy to cut ties with the bloc’s once-dominant gas supplier in the wake of Russia’s invasion of Ukraine. “As of today, the EU energy market will be stronger, more resilient and more diversified,” Michael Damianos, minister for energy, commerce and industryThe EU will phase out all imports of Russian gas and LNG by late 2027 following a final European Council vote Jan. 26, cementing the landmark policy to cut ties with the bloc’s once-dominant gas supplier in the wake of Russia’s invasion of Ukraine. “As of today, the EU energy market will be stronger, more resilient and more diversified,” Michael Damianos, minister for energy, commerce and industryRead More