The EU has reached a provisional agreement on the regulation to phase out imports of Russian natural gas, APA reports.
The regulation constitutes a central element of the EU's REPowerEU roadmap to end dependency on Russian energy following Russia's weaponisation of gas supplies, with significant effects on the European energy market.
"The regulation introduces a legally binding, stepwise prohibition on both liquefied natural gas (LNG) and pipeline gas imports from Russia, with a full ban from the end of 2026 and autumn 2027 respectively. It will contribute to the overarching goal of achieving a resilient and independent EU energy market, while preserving the EU's security of supply," the statement reads.
"This is a big win for us and for all of Europe. We have to put an end to EU’s dependence on Russian gas, and banning it in the EU permanently is a major step in the right direction. I am very pleased and proud that we have been able to reach an agreement with the European Parliament so quickly. It shows that we are committed to strengthening our security and safeguarding our energy supply," Lars Aagaard, Denmark’s minister for climate, energy and utilities, said.