EU asserts that it has entirely replaced Russian fuel| MENAFN.COM

Monday, 05 December 2022 08:14 GMT

EU asserts that it has entirely replaced Russian fuel


(MENAFN) According to Energy Commissioner Kadri Simson, the European Union has completely replaced its reliance on Russian natural gas imports with LNG and pipeline gas from trustworthy suppliers. Simson made the announcement during a Wednesday plenary session of the European Parliament. To prevent consumers from paying exorbitant prices, the bloc is scheduled to discuss a gas price cap proposal on Thursday.

Simson tweeted following the meeting, “diversification, demand reduction, a common storage policy [and] our #RepowerEU actions are making a difference.” Noting that “but we need to stay vigilant.”

According to experts, the increased purchases of liquefied natural gas (LNG) from the United States led to the substitution of Russian pipeline gas.

Between January and August, the total volume of gas imports from Russia, including LNG, decreased by 39 billion cubic meters, according to the European Commission. In annual terms, LNG supplies from the United States increased by nearly 80 percent during that time.

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