• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

EU approves bold Russian gas phase-out plan by 2027

Brussels strategy marks major shift in EU energy independence drive

David Okere by David Okere
October 20, 2025
in Business, Oil & Gas
0 0
0
EU

EU approves bold Russian gas phase-out plan by 2027

thenacre-campaign

EU Russian gas phase-out plan gains approval as bloc targets full energy break from Moscow by 2027 to curb reliance and strengthen independence

EU Russian gas phase-out plans moved a step closer to reality on Monday as energy ministers agreed to end remaining imports of Russian gas by 2027, signalling a decisive shift in the bloc’s energy policy following Moscow’s invasion of Ukraine.

Also read: Nnamdi Kanu protest turns violent in Abuja crackdown

Meeting in Luxembourg, ministers backed a European Commission proposal to eliminate both pipeline and liquefied natural gas (LNG) imports from Russia, pending approval from the European Parliament.

The plan aims to finally sever Europe’s long-standing energy ties with Russia, which have been politically and economically fraught since the war began in 2022.

Lars Aagaard, Denmark’s energy minister and current holder of the EU’s rotating presidency, described the move as “crucial” to ensuring the continent’s energy independence.

Perfect-Aesthetic-social-1

“Although we’ve worked hard to get Russian gas and oil out of Europe, we’re not there yet,” Aagaard said, underscoring the bloc’s urgent need to complete the transition.

As part of the package, new contracts for Russian gas will be banned from 1 January 2026.

Existing short-term deals may continue until June 17, 2027, while long-term agreements will be allowed until January 1, 2028, offering a staggered path for nations still reliant on Moscow’s supply.

While most EU countries supported the measure, Hungary and Slovakia opposed it, citing continued dependence on Russian pipeline gas due to geographic limitations. Hungary’s Foreign Minister, Peter Szijjarto, warned the regulation “kills our secure supply of energy.”

Despite these objections, the regulation passed as it required only a qualified majority, not unanimous consent—unlike sanctions, which continue to face obstacles due to internal divisions.

adron lemon friday

The EU Russian gas phase-out is also part of a broader strategy that includes reducing LNG imports by January 2027.

The push to eliminate these flows, some of which have increased despite falling pipeline deliveries, forms part of efforts to cut off revenue to Russia’s war effort.

According to the European Commission, Russian gas still makes up 13% of EU gas imports, translating to an estimated €15 billion annually—a figure Brussels wants to bring down to zero.

The European Parliament is expected to ratify the measure in the coming weeks, further cementing Europe’s commitment to energy autonomy and reducing vulnerability to geopolitical risks.

Also read: Nnamdi Kanu protest turns violent in Abuja crackdown

This bold move marks a historic turning point in the EU’s post-war energy narrative, reinforcing its determination to forge a cleaner, more resilient and politically secure future.

David Okere
David Okere

David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.

Related Posts

APC LOGO
Business

‘In the nearest future’ We’ll ensure no petroleum pump price increase, APC assures

by Freelanews
April 21, 2021
businesswoman
Business

Lagos businesswoman appeals to Sanwo-Olu over rising rent

by Victory Emmanuel
February 25, 2026
WhatsApp Image 2022 01 10 at 6.34.06 PM scaled
Business

‘High inflow’ Nigerian capital imports increased by 97% to $1.73m in Q3 of 2021, NBS reveals

by Rtn. Victor Ojelabi
January 10, 2022
Nigerian Government pledges support to oil producing company
Business

Dangote refinery: Declare crude supply emergency, oil producers tell Tinubu

by Quadri Olaitan
July 3, 2024
WYSD
Events

‘Re-imagining youth skills’ WYSD 2021 up-skilling bakers for efficiency, productivity, profitability

by Freelanews
July 16, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Swiss woman

Swiss woman recovers from ebola after Nigeria evacuation

November 12, 2026
images 2026 11 12T171519.405

Tinubu skips COP31 leaders’ summit again

November 12, 2026
NIS chief

NIS chief warns new comptrollers against corruption

November 12, 2026
NAFDAC

NAFDAC uncovers suspected fake parago candies in rice warehouse

November 12, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
#image_title

17 mobile money operator companies licensed by CBN in Nigeria

March 22, 2023
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
Australia

Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

April 24, 2026
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Swiss woman

Swiss woman recovers from ebola after Nigeria evacuation

November 12, 2026
images 2026 11 12T171519.405

Tinubu skips COP31 leaders’ summit again

November 12, 2026
NIS chief

NIS chief warns new comptrollers against corruption

November 12, 2026
NAFDAC

NAFDAC uncovers suspected fake parago candies in rice warehouse

November 12, 2026
ADVERTISEMENT
November 2026
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
2930  
« Oct    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • #image_title

    17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • Pakistan arrests 20 Nigerians in 4.4kg drug bust

    0 shares
    Share 0 Tweet 0

Just Published!

Swiss woman

Swiss woman recovers from ebola after Nigeria evacuation

November 12, 2026
images 2026 11 12T171519.405

Tinubu skips COP31 leaders’ summit again

November 12, 2026
NIS chief

NIS chief warns new comptrollers against corruption

November 12, 2026
NAFDAC

NAFDAC uncovers suspected fake parago candies in rice warehouse

November 12, 2026
images 2026 11 12T161716.436

Jensen Huang resigns as NVIDIA CEO after 33 Years

November 12, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.