EU unveils plans to reduce dependence on Russian gas by two-thirds | Business Post

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EU unveils plans to reduce dependence on Russian gas by two-thirds, danieltmurray reports.

Frans Timmermans, Executive Vice President of the European Commission, said the course of European history had been radically changed by the invasion of Ukraine by Russia. Picture: Getty

Europe will reduce its dependence on Russian gas by two-thirds this year through switching suppliers, ensuring European gas storage is full by next autumn, and jointly procuring gas at an EU level, according to a historic new plan published by the European Commission today. The plan will also include a review of foreign owners of gas storage in Europe, following suspicions that Russian-owned sites were purposefully keeping gas stocks low in recent months. The plan...

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