What is the EU’s intention to replace gas imports

The European Union will try to expand its cooperation with African states in order to be able to replace Russian gas imports and reduce its dependence on Moscow by almost two-thirds this year, informs Bloomberg.

A draft European document consulted by Bloomberg News, especially West African countries such as Nigeria, Senegal and Angola, offers untapped potential for liquefied natural gas.

Thus, a communication on the external commitment in the field of energy is to be adopted by the European Commission at the end of this month, as part of a package of measures implemented by the community bloc to reduce its energy dependence on Moscow, notes Agerpres.

Specifically, the EU plans to increase its liquefied gas imports by 50 million cubic meters and increase gas supplies through pipelines from countries other than Russia by 10 billion cubic meters, which will involve partnerships with traditional suppliers to us. bases and finding new suppliers, is shown in the mentioned document.

In addition, key measures include the full implementation of the agreement with the United States for the delivery of an additional 15 billion cubic meters of liquefied gas in 2022, and by 2030 it will reach 50 billion cubic meters per year. Another goal is to sign a trilateral memorandum of understanding with Egypt and Israel to increase liquefied gas supplies to Europe by the summer of this year.

In the future, the community bloc wants to support doubling the capacity of the Southern Gas Corridor, which brings natural gas from Azerbaijan, up to 20 billion cubic meters a year.

The EU executive also said in the document that the bloc must ensure “open, flexible, liquid and functional global liquefied gas markets” with both major producers such as the US, Australia and Qatar, as well as large consumers such as China, Japan and South Korea.

At the end of last month, European Commissioner for the Economy Paolo Gentiloni said the EU’s goal was to reduce its dependence on Russian oil and gas by two-thirds by the end of the year and to zero by the end of 2027.

In fact, the European Union has promised in the past that it will diversify its energy resources, notably in 2014, when Russia annexed Crimea from Ukraine. Progress at the time was limited, in part because of Germany – Russia’s largest European energy consumer – which did not want to stir spirits with Moscow. But President Vladimir Putin’s decision to order an invasion last month changed the face of the matter.

In conclusion, even though the EU bloc has promised to stop using Russian fuels in 2027, in the short term it will remain dependent on Russia for 26% of its oil needs and 40% of its gas needs. Last year, the EU imported 155 billion cubic meters of natural gas from Russia.