-
UN says world must navigate 'reality' of 1.5C overshoot
-
China expands Egypt investments in first Xi visit in a decade
-
Taliban govt defends ban on protest, citing Islamic law
-
Messi departure leaves Argentina facing rebuild after golden era
-
10 missing as Turkish cargo ship sinks after collision off Istanbul
-
Ourbit SuperCEX Launches "Cosmic Wheel Season 3. Oracle Realm" on September 2 with 3M USDT Prize Pool
-
easyMarkets Expands Commodity Offering with 24/7 Gold, Silver and Oil Trading
-
Ebola death toll passes 3,000 in DR Congo: official data
-
Australia defends Pacific climate meeting despite doubts on attendance
-
Hong Kong democracy activist Wong pleads guilty to foreign collusion
-
Iran attacks US sites after American strikes, wedding deaths
-
World record prize winner Romantic Warrior retires from horse racing
-
Stocks drop, yields at three-decade highs on Mideast flare-up
-
5,000 US sailors arrive in Thailand after months at sea
-
EU summons Russian envoy, eyes sanctions after Germany drone 'attack'
-
Joshua Wong, Hong Kong's pro-democracy poster child
-
Stocks drop as yields and oil prices spike on Mideast flare-up
-
Nepal tunnel rescuers seek trapped workers but hit dead ends
-
Cricketers to get best rooms at Asian Games, says Japan chief
-
Zverev wins wild five-setter, Rybakina and Gauff ease through at US Open
-
Zverev out-lasts Sonego in wild five-setter to advance at US Open
-
US energy secretary arrives in Venezuela to discuss oil deal
-
Amid war, Ukrainian soldiers celebrate love at ritual wedding
-
Meloni government becomes Italy's longest-lasting
-
Venice to roll out red carpet for Clooney on opening night
-
Funerals in Nepal for missing, a week after deadly floods
-
Hong Kong democracy activist Wong pleads guilty to foreign collusion: AFP
-
US aircraft carrier arrives in Thailand after months at sea
-
Stocks sink, yields at multi-decade highs and oil spikes on Mideast flare-up
-
US aircraft carrier approaches Thai port after months at sea
-
US defends Trump Venezuela oil deal as energy secretary lands in Caracas
-
Nepal's young PM faces gravest test after flood catastrophe
-
Jubilant Monfils celebrates birthday with US Open win
-
What rainbow? LGBTQ Indonesians on edge as hostility mounts
-
The Japanese idealist behind the last deradicalisation NGO in Somalia
-
O'Connor eyes Wallabies World Cup swansong after Force return
-
Rybakina, Gauff advance as Zverev launches US Open campaign
-
Syria UXO causing death, injury every six hours: charity
-
Macron in Britain to help unveil tapestry, hold Burnham talks
-
Tiger Woods set to change not guilty plea in DUI case: court documents
-
China's Xi to hold talks with Sisi in rare visit to Egypt
-
Zelensky warns airlines Russian skies not safe due to Ukraine drones
-
Confident Gauff reaches US Open 2nd round with straight-set win
-
UK vows anti-settler measures as Israel warns of retaliation
-
US postal whistleblower warns ballot system could disrupt midterms
-
New pro Koivun among US Presidents Cup picks
-
Protagonist Therapeutics to Participate in Two Investment Bank Conferences in September 2026
-
Earthwise and Eagle Plains Intersect Gold Mineralization in all Holes at the Iron Range Precious Metals Project, SE BC
-
Preppy Pledges to Help 250,000 People Enter Allied Health Careers by 2031
-
Independent Pharmacy Cooperative Acquires USave Pharmacy Group
EU proposes ending all Russian gas imports by 2027
The EU on Tuesday unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe's continued dependence on Russian fossil fuels.
"Today the European Union sends a very clear message to Russia: no more, no more, will we permit Russia to weaponise energy against us," EU energy chief Dan Jorgensen said as he set out the measures.
The European Commission's two-step plan would put an end to new contracts and existing short-term spot contracts with Russian suppliers by the end of 2025. All remaining imports would be banned by the end of 2027.
"No more will we allow our member states to be blackmailed. No more will we indirectly help fill up the war chest in the Kremlin," Jorgensen told a news conference.
The EU enacted a ban on Russian oil in late 2022 in response to Moscow's invasion of Ukraine, and has since sought to wean itself off Russian gas supplies.
Although imports via pipeline have fallen sharply, several European countries have increased their purchases of Russian liquefied natural gas (LNG), transported by sea, and the bloc now wants to turn the tap off completely.
Russia still supplies 17.5 percent of the bloc's gas, based on EU data, and as much as 19 percent according to the Institute for Energy Economics and Financial Analysis (IEEFA).
To do without Russian energy, "the guiding principle is diversification", European Commission chief spokeswoman Paula Pinho said last week.
Phasing out Russian supplies would pave the way for Europe to buy more LNG from the United States -- something both Brussels and Donald Trump have floated as a way to resolve the standoff sparked after the US president targeted European exports with tariffs.
EU trade chief Maros Sefcovic told the Financial Times that the dispute with Washington could be resolved "very quickly" through LNG and soybean purchases -- as a way to reduce the 27-country bloc's trade surplus with its US partner.
The United States is already the bloc's largest LNG supplier, making up 45.3 percent of the market.
- 'Much more to do' -
EU officials acknowledge that phasing out Russian energy is easier said than done, as some member states are more dependent on Moscow's LNG than others, while others like Hungary have friendly ties with the Kremlin.
France for example would face a heavier impact from any move away from Russian LNG since it has five terminals for its delivery in Europe.
France increased its Russian LNG imports by 81 percent between 2023 and 2024, giving Russia 2.68 billion euros ($3 billion) in income, according to the Institute for Energy Economics and Financial Analysis.
The commission's plan -- which still needs approval from member states -- was delayed as Brussels waited to see whether talks between Russia and the United States yielded a deal to end the Ukraine war.
The EU executive has highlighted its efforts to reduce dependence on Russian fossil fuels since the 2022 invasion.
Over a few years, "we went from 45 percent of our gas imports coming from Russia, down to 18 percent. We went from one-in-five barrels of oil down to one-in-fifty, a tenfold reduction," EU chief Ursula von der Leyen said last month.
But, she admitted, "we all know that there is so much more to do".
Ch.Campbell--AT