EU wants to be independent of Russian energy imports by 2027

  • 3/28/2022
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The European Union announced on Monday that the 27-member bloc wants to get rid of Russian energy supply by the year 2027 due to Russia"s war in Ukraine. "We aim to be completely independent of Russian fossil fuels by 2027 and we believe it is possible to reduce our demands within a year," Tim Mcphie, EU Spokesperson for Energy, told a news conference in Brussels. "This is the objective that we have set which has been endorsed by EU leaders during their meeting in Brussels last week," he noted. The European Commission intends to present its Repower EU plan by end of May which aims to make Europe independent from Russian fossil fuels, starting with gas. The EU imports around 40 percent of its gas needs from Russia. US President Joe Biden during a visit to Brussels last week committed to provide the European Union with, 15 billion cubic meters of LNG this year. The US and Europe will ensure stable demand and supply for additional, at least, 50 billion cubic meters of US LNG until 2030, he announced. — Agencies

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