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Europe: EU debates resuming Russian gas imports to lower energy costs amid Ukraine war

European officials are currently debating whether resuming Russian pipeline gas sales to the EU could be part of a settlement to end the war in Ukraine. Proponents argue it could lower high energy prices, encourage Moscow to engage in negotiations, and help enforce a ceasefire. However, the idea has sparked significant opposition, particularly among Ukraine’s allies within the EU.

Some German and Hungarian officials, along with other European capitals, are supporting the move as a way to reduce energy costs. Before the war, Russia accounted for around 40% of the EU’s gas supply, with Germany being the largest importer. Restarting exports could provide a significant revenue boost to Moscow, a concern as the EU looks to reduce reliance on Russian energy.

The idea has drawn criticism from Eastern European countries, including Ukraine’s allies in Brussels, who have worked to reduce Russian energy imports over the past few years. Ukrainian President Volodymyr Zelenskyy emphasized the importance of diplomatic solutions, but his office did not comment on the specific discussions about gas imports.

The debate is also causing unease among US LNG exporters, who worry that resuming Russian gas flows could make their more expensive liquefied natural gas less competitive in the European market. Meanwhile, European energy officials continue to pursue long-term LNG deals to wean the EU off Russian fossil fuels by 2027.

With energy costs still high, especially for heavy industries, European countries are under pressure to secure cheaper energy supplies, which has prompted renewed discussions about the role of Russian gas in Europe’s future energy mix.

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