The European Commission has confirmed that the European Union (EU) will remain dependent on energy imports from Russia for at least another five years, Tass reported on March 28.
Responding to a question about when US liquefied natural gas (LNG) will help Europe end its dependence on Russian gas, European Commission spokesman Tim McPhie said the bloc’s decision would “depend on carbon fuels from Russia until 2027”. According to Mr McPhie, the EU estimates reducing its dependence on Russian gas by two-thirds this year. This union will develop a detailed plan to achieve this, released by the end of May to reach that aim.
Mr McPhie’s comments came after talks between the EU and US last week that focused on increasing US LNG supplies to Europe to reduce the continent’s dependence on Russian gas. US President Joe Biden also met with EU officials to push for an embargo on Russian oil, which Europe refused to do due to economic recession fears. The EU has decided to stop buying natural gas from Russia due to sanctions imposed on Moscow in response to Russia’s military campaign in Ukraine. Russia currently accounts for 40% of the power resources demand in Europe, supplying about 175 billion cubic meters per year.