As part of its plan, Brussels will offer declaration requirements on companies to detail the volume and duration of their Russian energy contracts and ask the countries to offer plans this year to eliminate supplies linked to Moscow. EU officials will also strengthen an existing diet which operates the purchasing power of joint block gas to reduce prices.
The commission’s plan also promises to “continue its discussions with reliable suppliers”, especially the United States, who want the EU to buy more from its LNG. However, the two parties have not yet concluded an agreement.
The document notes that 170 billion cubic meters of new LNG capacity should be put online worldwide by 2027, which facilitates it from Russian supplies for other alternatives.
In parallel, the EU executive will increase efforts to electrify its economy and plan to extend a platform so that companies buy supplies like biomethane, in order to replace traditional natural gas supplies.
Nuclear is close
The new plan also targets the persistent nuclear links of the block with Moscow, which provides a fifth of the raw Uranium in the EU and 38% of its enrichment capacity. Five countries – Finland, Bulgaria, Slovakia, Hungary and the Czech Republic – still count on Russian reactors.
To break this dependence, Brussels will present a new legal bill next month, which makes Uranium enriched by Russia “economically less viable” through commercial measures, the Planning States and separately restrict new contracts signed between the Uranium supply agency of the EU and Moscow.
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