Financing wind in Montenegro,...

The landscape of renewable finance in Southeast Europe has undergone a profound transformation....

How Southeast Europe’s grid...

Wind development in Southeast Europe is accelerating at a pace unimaginable only a...

Serbia–Romania–Croatia: The new triangular...

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside...

The bankability gap in...

The transformation of Southeast Europe into a credible wind-investment region has been rapid,...
Supported byClarion Energy
HomeSEE Energy NewsEurope: EU postpones...

Europe: EU postpones plan to reduce reliance on Russian energy imports amid ongoing challenges

The European Commission (EC) has once again postponed the release of its strategy to reduce reliance on Russian energy imports, marking the second delay without providing a new timeline or explanation. Initially scheduled for publication on March 26, the plan remains indefinitely on hold, with Brussels officials declining to comment on a rescheduled date.

Energy Commissioner Dan Jorgensen had previously stated that the plan would be presented within the first 100 days of the new Commission’s mandate. However, after being postponed from its original February release, the strategy remains unpublished.

Following Russia’s invasion of Ukraine, the European Union set a non-binding goal to eliminate Russian natural gas imports by the end of 2027. Despite this, some member states have struggled to diversify their energy supplies, leading to an increase in Russian gas imports last year. The EU continues to face challenges in balancing energy security with maintaining competitive energy costs against economic rivals such as China and the United States, where energy prices are significantly lower.

At the same time, the European Commission is preparing to extend its gas storage policy, requiring storage facilities to reach 90% capacity by early November. Critics argue that such mandatory targets could drive up gas prices further, advocating for a more flexible approach.

According to the nonprofit Center for Research on Energy and Clean Air, the EU spent €21.3 billion on Russian gas and oil imports in 2024. Pipeline gas deliveries from Russia to Europe reached 32.1 billion cubic meters, marking a 14% increase from the previous year’s 28.15 billion cubic meters. Additionally, data from the Brussels-based think tank Bruegel shows that EU liquefied natural gas (LNG) imports from Russia rose from 17.8 billion cubic meters in 2023 to 21.5 billion cubic meters last year.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Financing wind in Montenegro, Serbia, Croatia and Romania — why international lenders are returning to Southeast Europe

The landscape of renewable finance in Southeast Europe has undergone a profound transformation. A decade ago, lenders viewed the region with a degree of caution, shaped by fluctuating regulatory frameworks, limited track records, and the perceived fragility of local...

How Southeast Europe’s grid bottlenecks will reshape project valuation, offtake strategy and EPC designs by 2030

Wind development in Southeast Europe is accelerating at a pace unimaginable only a decade ago, yet the region’s grid infrastructure is straining under the weight of its own renewable ambition. Serbia is preparing for multi-gigawatt expansion, Romania is restarting...

Serbia–Romania–Croatia: The new triangular wind corridor — is Southeast Europe becoming Europe’s next Iberia?

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside Europe: strong resource, open land, grid-ready corridors, competitive auctions, and the steady inflow of international capital. Investors seeking scale, yield, and policy clarity migrated naturally towards...
Supported byVirtu Energy
error: Content is protected !!