EU struggles in efforts to cut off Russian gas

Thanh Hà |

The European Union (EU) is trying to cut off its remaining ties with Russian gas, but legal options are limited.

The EU will announce a roadmap for gradually ending gas relations with Russia on May 6.

The roadmap was issued as the US urged Russia to sign a peace deal with Ukraine. If achieved, a peace deal in Ukraine could reopen the door to Russian energy and ease Russian sanctions.

About 19,5% of Europe's gas still comes from Russia, via the TurkStream pipeline and liquefied natural gas (LNG) shipments.

The European Union has an unrivalled goal of ending imports of Russian fossil fuels by 2027.

Last month, a senior EU official said the European Commission was reviewing legal options to allow European companies to citations force majeure and breach gas contracts with Russia without being punished, as well as considering a ban on businesses from signing new contracts to buy Russian gas.

Lawyers and analysts said the possibility of applying the force majeure clause is very low because it has been many years since the EU announced it would end Russian gas imports in 2022, after the Russia-Ukraine conflict broke out.

Agnieszka Ason, an independent energy lawyer specializing in LNG contracts and senior research fellow at the Oxford Energy Research Institute, noted that to declare force majeure, suppliers must violate contracts, for example, not delivering goods. But energy supplies from Russia remained effective during the conflict.

Legal experts say sanctions on Russian gas imports are the most effective way to gradually eliminate Russian gas.

This solution requires the approval of all 27 member states in the bloc. However, in the EU, Slovakia and Hungary still maintain close relations with Russia, in which Hungary has announced that it will prevent energy sanctions.

Since the conflict broke out in Ukraine, Gazprom and European companies have filed lawsuits and counteractions against violated and delayed gas contracts.

Based on court documents, Reuters estimates that these disputes are worth about 18.5 billion euros ($21 billion).

Contracts with Russian gas giant Gazprom include a "buy-or-pay" clause, forcing customers who do not receive gas to pay up to 95% of the committed volume.

Thanh Hà
TIN LIÊN QUAN

The only gateway for Russian gas back to Europe

|

If Russian gas returns to Europe, transportation will need to go through Ukraine, the Atlantic Council said.

EU admits the surprising truth about Russian gas

|

The European Union is still dependent on Russian gas and is expected to soon announce a step-by-step roadmap to abandon this energy source.

Losing Russian gas flow through Ukraine, Hungary finds a new strategic gateway

|

Hungary imported up to 2.3 billion cubic meters of Russian gas this year, Hungarian Foreign Minister Peter Szijjarto revealed.

Mai Linh Nha Trang driver continues to call for help due to prolonged unpaid wages and benefits

|

Khanh Hoa - The collective of workers requested Mai Linh Nha Trang Company Limited to completely resolve unpaid wages, social insurance debts...

Upcoming inspection of the purchase and sale and transfer of shares of banks

|

The State Bank said it will pay attention to inspecting the contents of share ownership ratio; buying, selling, transferring bank shares, and granting credit.

The Law on Health Insurance will be amended, moving towards free medical examination and treatment for people

|

The health sector is orienting to amend the Law on Health Insurance, to specify some contents towards free medical examination and treatment for people under the direction of General Secretary To Lam.

Ho Chi Minh City Party Secretary Nguyen Van Nen has a new task

|

HCMC - Secretary of the HCMC Party Committee Nguyen Van Nen is the head of the Steering Committee for the development of the HCMC urban railway network system.

Metro No. 1 in Ho Chi Minh City asks to postpone construction by another year despite commercial operation

|

HCMC - The HCMC Urban Railway Management Board (MAUR) proposed that the HCMC People's Committee adjust the completion time of Metro Line 1 project to the end of the fourth quarter of 2025.

The only gateway for Russian gas back to Europe

Thanh Hà |

If Russian gas returns to Europe, transportation will need to go through Ukraine, the Atlantic Council said.

EU admits the surprising truth about Russian gas

Thanh Hà |

The European Union is still dependent on Russian gas and is expected to soon announce a step-by-step roadmap to abandon this energy source.

Losing Russian gas flow through Ukraine, Hungary finds a new strategic gateway

Thanh Hà |

Hungary imported up to 2.3 billion cubic meters of Russian gas this year, Hungarian Foreign Minister Peter Szijjarto revealed.