EU to set 2027 deadline for severing energy contracts with Russia

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According to officials, the European Commission will set a 2027 deadline for EU companies to dissuade any power agreement with Russia and transfer to other sources, including the United States.

It will be announced on Tuesday that the EU senior officials have been closely protected before publishing carefully about its potential impact on the energy market. It identifies an intensity of the block Attempt Since the full-scale of Moscow Ukraine’s attack In 2022.

Although Russian oil and coal are subject to strict sanctions, the EU has fought to ban gas imports due to opposition from Russian -based governments like Hungary and Slovakia that it argued that it would increase the price of energy.

In the commission’s document, four officers said that the companies will need to end all spot market gas agreements with Russian suppliers later this year and to finish all long -term agreements by 2027.

Once announced these measures are still approved by the EU member state and the majority of the European Parliament, the block is intended to achieve the need for unanimous approval of the member states to impose gas sanctions. Hungary and Slovakia say they will block any restrictions.

Three of the officials said Brussels would also press the authorities to further supervise the commercial agreement to find Russian fuel buyers.

Prior to 2022, the EU has transmitted more than two-fifths of its pipeline gas imports and about 28 percent of the crude oil imported from Russia. About 13 percent of the gas from Russian shares has dropped to imports with natural gas and less than 3 percent of oil imports.

Despite the significant reduction of pipeline gas, LNG imports from Russia with EU Shipment Hit the record level last yearThe

According to a data and analytics company KPLer, there were 17 shipments in EU destinations in April from the Yamal LNG plant in Russia. The ships were taken to the LNG block of 1.2 million tonnes, about 5 percent of the cargo was distributed to France and 20 percent in Belgium. The rest of the parts went to the Netherlands, Portugal and Spain.

In contrast to Hungary and Slovakia, other member countries, including the Netherlands and Belgium, have said that they will support Russian gas as a way to force their Russian contracts to cut.

An e -EU diplomat said, “This pressure to go to zero will not be easy.” “If you want to lift all the privacy in a commercial contract, it is going to be priced.”

The diplomat said that it would be difficult to prevent the proposed rules, such as the gas was transmitted from Azerbaijan via turkey pipeline but possible with supplies from Russia.

Officials say the commission document is in the Washington signal section that the EU is ready to buy more US LNG as part of an agreement to reduce its trade deficit, officials said.

The phaseout plan will also cover nuclear fuel and spare parts. Finland, Bulgaria, Czech Republics, Slovakia and Hungary are all dependent on various extens of Russian nuclear technology.

All of them except Hungary have signed an agreement with the US nuclear company Westinghaus to replace their Russian fuel rods, but some parts non-Russian manufacturers have difficulty replacing parts because of the extra expense for old Soviet-Sales furnaces.

An EU official said the map of the road was intended to ensure that the member states maintained their Russian contract, they would “get into trouble”.

Bloomberg first revealed the date of the 2027 phaseout.

Additional Report of Pola Tamma in Brussels and Chris Cook in London