Europe to lose 30 bln cubic meters of Russian gas supplies in 2027 — IEA

AI Summary

The International Energy Agency says Europe will lose about 30 billion cubic meters of Russian gas supply in 2027 as restrictions take effect. Russian LNG imports under long-term contracts are due to be banned from January, followed by a complete phaseout of pipeline imports by the fourth quarter.

Russian LNG imports under long-term contracts are banned from 1 January 2027 and piped imports will be completely phased out by Q4 2027