The European Union may once again start importing Russian gas as the bloc becomes increasingly dependent on U.S. energy exports.
However, the trade war initiated by Donald Trump — along with his unpredictable stance toward Europe — is putting the future stability of gas supplies at risk. Although the EU had previously announced plans to completely phase out Russian gas imports by 2027, negotiations with Qatar, a potential alternative supplier, are currently at a standstill.
Didier Holleaux, executive vice-president at France's Engie, said a "reasonable peace" would need to be achieved before talks could begin.
He told Reuters: "If there is a reasonable peace in Ukraine, we could go back to flows of 60 billion cubic metres, maybe 70, annually, including LNG [liquefied natural gas]."
Since the start of the war in Ukraine, Western countries have halted most Russian gas imports in an effort to choke off funding for Moscow's war effort. Earlier this year, Kyiv announced that Russian gas would no longer transit through Ukrainian pipelines, further complicating Europe's energy supply situation.
(QG - Source: Daily Express - Picture : © Unsplash)
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