Skip to content
Edit post

EU Parliament approves option allowing members to block Russian LNG imports

by Martin Fornusek and The Kyiv Independent news desk April 11, 2024 3:56 PM 1 min read
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)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

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.
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.