EU Mulls Phasing Out Russian LNG a Year Earlier Than Planned
The European Union is considering accelerating its plan to phase out Russian liquefied natural gas (LNG) by a year, according to sources familiar with the matter. The original plan was to phase out Russian LNG by 2025, but the EU is now considering moving this deadline to 2024. This move comes as the EU seeks to reduce its reliance on Russian energy sources in the wake of the ongoing conflict in Ukraine. The details of the proposed measures are still being discussed, and no final decision has been made. However, the EU's push to wean itself off Russian LNG is part of a broader effort to diversify its energy sources and reduce its vulnerability to potential supply disruptions. The accelerated timeline reflects the EU's determination to distance itself from Russian energy as quickly as possible, even if it means making difficult trade-offs in the short term.
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