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EU Aims to Cut Dependence on Russian Gas by Almost 80% This Year

Bloomberg · Ewa Krukowska · last updated

The European Union’s executive arm is mapping out a path to end the bloc’s reliance on Russian gas which could see import needs cut by almost 80% this year, according to two officials with knowledge of the matter.

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Related Knowledge Center: Energy security and pricing

State of Play

The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.

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