russian gas imports Archives - Balancing Energy

EU approves phased ban on Russian gas, Serbia faces supply challenges

The Council of the European Union has approved a draft regulation introducing a phased ban on imports of Russian natural gas. Under the new rules, imports of Russian gas—whether by pipeline or in liquefied form—will be prohibited starting 1 January 2026, with transitional measures for existing contracts. The full ban is scheduled to take effect […]

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Europe: EU agrees to end all Russian gas imports by 2027 in landmark energy shift

European Union member states have reached an agreement to completely end imports of Russian natural gas by the end of 2027, marking a major step toward reducing the bloc’s long-standing energy dependence on Russia. The decision, approved by EU Energy Ministers during a meeting in Luxembourg, supports the European Commission’s proposal to phase out both

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Europe: EU Parliament Committees endorse full ban on Russian gas and oil imports from 2026

The European Parliament’s Committees on Industry and Energy, and on International Trade, have supported a draft law that introduces a complete ban on the import of Russian gas, including liquefied natural gas (LNG), starting from 1 January 2026. Limited exceptions would apply to existing short-term contracts until June 2026 and to long-term agreements until January

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Hungary could lose over 4% of GDP if Russian gas imports stop

Hungary risks losing more than 4 percent of its gross domestic product if it completely stops importing Russian gas, according to Gergely Gulyas, chief of staff to Prime Minister Viktor Orban. He noted that International Monetary Fund calculations estimate such a scenario would result in losses of around 10 billion dollars, making it extremely difficult

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Region: Hungary and Slovakia oppose EU plan to ban Russian gas imports by 2027

Hungary and Slovakia have voiced strong opposition to the European Union’s proposal to halt imports of Russian gas and liquefied natural gas (LNG), a measure that Brussels is preparing to formalize in the near future. Despite the objections raised by these two countries, the new legislation may still advance without their support. The European Commission

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Europe: EU plans complete ban on Russian gas imports by 2027

The European Union is preparing to introduce new measures aimed at ending all imports of Russian gas by the end of 2027. As a first step, the European Commission intends to ban all new contracts for Russian gas, including spot market deals, by the end of 2025. These spot deals currently represent about one-third of

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