News Feed

This week, the world watched in anticipation for Russia’s Victory Day parade after President Volodymyr Zelensky commented that he could not guarantee the safety of those attending. Meanwhile, the European Union moves one step forward to banning Russian gas from the European continent. It is also revealed this week that U.S. Secretary of Defense Pete Hegseth has fallen out of step with the White House.

Show More
News Feed

EU Parliament approves option allowing members to block Russian LNG imports

1 min read
EU Parliament approves option allowing members to block Russian LNG imports
A photograph shows the Utrenneye field, the resource base for Novatek's Arctic LNG 2 project, located in the Gydan Peninsula on the Kara Sea shore line in the Arctic circle, some 2500 km from Moscow, Russia, on Nov. 30, 2021. (Natalia Kolesnikova/AFP via Getty Images)

The European Parliament voted on April 11 to pass rules allowing member states to ban imports of Russian liquified natural gas (LNG), Reuters reported.

Despite Brussels' target to be free of Russian fossil fuels by 2027, several EU members remain heavily reliant on Russian gas, and imports of liquified natural gas (LNG) from Russia reached record heights last year.

The new policy aims to create a legal route for blocking gas deliveries by preventing Russian and Belarusian companies from booking gas infrastructure capacity.

This would allow European energy firms to leave contracts with Russian suppliers without paying fees.

This measure is a part of Brussels' strategy to reduce the bloc's energy dependency on Russia amid the full-scale invasion of Ukraine.

Some countries, such as the U.K., Latvia, and Lithuania, have already stopped buying LNG from Russia unilaterally, while Finland announced in January that it plans to ban Russian LNG from 2025.

Reuters: Sanctions may force Russian company to scale back Arctic LNG project
Russian gas producer Novatek is considering scaling back a major liquefied natural gas project due to the impact of Western sanctions, Reuters reported on April 4, citing sources in the industry.