EC holds to Russian gas ban as prices soar

🌐 Hellenic Shipping News (BE) —

AI Summary

The European Commission says it will proceed with a planned phase-out of Russian natural gas imports, scheduled to be fully implemented by 2027. The commitment comes as European gas prices reach multiyear highs amid colder weather and the ongoing Middle East war.

The European Commission remains committed to implementing its planned ban on Russian natural gas imports, set to fully phase in over 2027, Energy Commissioner Dan Jorgensen said Oct. 29, even as European gas prices surge to multiyear highs amid falling temperatures and the war in the Middle East persists into its ninth month. “That ban ...

World Conflict Politics Markets Commodities Energy Russian gas EU imports ban European Commission gas prices energy policy Middle East war

Read original source →