The plan had long been expected, and on Tuesday, the EU Commission presented its strategy for becoming less dependent on Russian gas. The Fit for 55 package alone will reduce gas consumption by 100 billion cubic meters, explained Commission Vice President Frans Timmermans in Brussels. However, this only applies in the long term for the period up to 2030. This year, however, the Commission also wants to reduce Russian gas imports into the EU by 100 billion cubic meters (bcm) – primarily through LNG imports.
Continue reading now
… and get free access to this Professional Briefing for a month.
Are you already a guest at the Europe.Table? Log in now