After 3 years of full-scale war in Ukraine, Europe announces plan to ban all Russian gas imports
After 3 years of full-scale war in Ukraine, Europe announces plan to ban all Russian gas imports
kyivindependent.com After 3 years of full-scale war in Ukraine, Europe announces plan to ban all Russian gas imports
BRUSSELS — After years of reducing its reliance on Russian gas, the European Union is moving to turn off the taps completely within the next two years. The European Commission (EC) on May 6 presented a detailed roadmap to fully sever the European Union’s energy dependence on Russia by 2027.
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With the EU demonizing Qatar, they don't have many other sources besides perhaps the US and Canada which will cost them more.
Overall petroleum demand in the EU is falling, but their own production is dropping far faster. They're most likely going to lean into OPEC countries while continuing to increase green energy for their own independence.