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EU countries plan for gas deals to replace Russian fuel - draft

Reuters · Reuters · last updated

European Union countries intend next year to push for more gas deals — including long-term contracts — to replace Russian supplies, draft conclusions for an EU leaders’ summit on Thursday showed.

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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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