EU proposes banning LNG gas imports from Russia by end of 2027

ISTANBUL

The EU Commission on Tuesday proposed a total ban on natural gas and liquefied natural gas (LNG) imports from Russia by the end of 2027.

"This will help the EU become more energy independent, improve the security of the energy supply, and boost the Union's energy independence and competitiveness," a commission statement said.

Member states will prepare plans that include measures and steps to end imports of natural gas and oil from Russia.

Under the phased ban, imports under short-term contracts signed before June 17, 2025 will continue until June 17, 2026, while pipeline gas deliveries to landlocked countries under long-term contracts will be allowed until the end of 2027.

Meanwhile, imports under long-term contracts will be suspended until the end of 2027.

With these measures, as of Jan. 1, 2028, the EU's use of the Russian gas will effectively end.

Long-term contracts for LNG terminal services with Russia or Russian entities will also be banned. Such terminal capacity will be diverted to alternative suppliers.

The phased approach will avoid the potential impact on energy prices of ending Russian gas imports and the risk of security of supply problems.

Additionally, companies holding supply contracts for Russian gas will have to provide information to the commission.

The EU Commission and the EU Agency for the Cooperation of Energy Regulators (ACER) will closely monitor the process. In the event of a threat to the security of energy supply, urgent measures will be taken.

The proposal requires a qualified majority of member states in the council and the approval of the European Parliament to enter into force.

As of 2021, the EU procured 45% of its natural gas from Russia. As of last year, this fell to 19%.