• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

EU leaders decide to gradually reduce natural gas purchase from Russia

26 March 2022, 1:33 PM  |
Reuters Reuters |  @SABCNews
EU flags flutter in front of the European Commission headquarters in Brussels.

EU flags flutter in front of the European Commission headquarters in Brussels.

Image: Reuters

EU flags flutter in front of the European Commission headquarters in Brussels.

The leaders of the European Union (EU) countries decided to gradually reduce the purchase of natural gas from Russia from this year on at their spring summit on Friday.

European Commission President Ursula von der Leyen said at a press conference after the summit that the decision will help the EU to gradually get rid of its reliance on Russia in energy.

The EU leaders also agreed on a joint purchase of natural gas, liquefied natural gas (LNG) and hydrogen prior to next winter.

To handle energy supply failure, the EU leaders decided to increase the natural gas reserve to 80 percent of the maximum volume ahead of next winter, possibly to 90 percent in the next few years.

During the summit, the EU and the United States also issued a cooperation plan in the field energy, agreeing to expand the LNG export from the US to Europe.

The plan will help the EU market to gain an extra of at least 15 billion cubic meters of LNG this year, and more in the future, as the EU estimated.

Russia-Ukraine I EU planning a fourth round of sanctions against Moscow

Russia-Ukraine | European Union strengthens measures to punish Russia for invading Ukraine 

Share article
Tags: RussiaEuropean UnionNatural gas
Previous Post

Opposition parties welcome withdrawal of Section 100 in the North West

Next Post

Africa’s World Cup playoffs reflect shift in power to the north

Related Posts

Electricity Minister Kgosientsho Ramokgopa gestures during an engagament with stakeholders at the Tutuka Power Station in Mpumalanga on 22 March 2023.

Electricity Minister should be judged on actions, not words: Expert

27 May 2023, 7:04 AM
For sale sign hangs in front of a house

10th interest rate hike since Nov 2021 putting the squeeze on housing market

26 May 2023, 3:41 PM
A taxi driver counts money during a trip in Johannesburg

Another interest rate hike will result in a recession: Savings Institute

26 May 2023, 2:12 PM

Reserve Bank’s decision to increase rates is aggressive: Economist

26 May 2023, 9:02 AM
Minister of Employment and Labour - Thulas Nxesi, briefing the media following the Auditor General’s report on UIF Covid-19 TERs benefit, 2 September 2020

Nxesi says government is open to engagements on Employment Equity Act

26 May 2023, 7:31 AM
FILE PHOTO: A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016.  REUTERS/Philimon Bulawayo/File Photo

Rand falls over 2% following hiked repo rate

25 May 2023, 7:23 PM
Next Post
File image: A soccer ball on a field.

Africa's World Cup playoffs reflect shift in power to the north

Most Viewed

  • 24hrs
  • Week
  • Month
  • North West Health probes why newborn babies were placed in boxes
  • DENOSA defends nurses for placing newborns in boxes
  • eThekwini residents face higher stages of load shedding from Thursday
  • Namibia declares outbreak of Crimean-Congo fever after patient dies
  • Chatsworth youth rub shoulders with Africa’s finest in table tennis championships
  • Dr Nandipha’s looks during court appearances under the spotlight
  • Experts raise caution over Prime energy drink craze
  • NW residents plunged into darkness after burning of power station
  • 108-carat ‘fancy intense pink’ diamond discovered in Lesotho
  • Dr Nandipha Magudumana, co-accused in Thabo Bester’s escape to apply for bail
  • DENOSA defends nurses for placing newborns in boxes
  • NW Health dept to take action after newborn babies placed in cardboard boxes
  • EFF Limpopo councillor gunned down at his home
  • Magalies Water working on plan to control Hyacinth invasion at the Hartbeespoort Dam
  • Pirates win Nedbank Cup final

LATEST

Search and rescue teams of the Pakistan Army with the support of the civil administration at he site area where they retrieved 8 people from the avalanche.
  • World

Avalanche kills 11 members of nomadic tribe in northern Pakistan


Water tanker provides water to Hammanskraal
  • Cholera outbreak
  • South Africa

Cholera outbreak death toll rises to 24


Burning tyres on a road
  • South Africa

Ermelo residents demand improved service delivery


Image of a computer being hacked
  • Africa

Senegalese government websites hit by cyber attack


Pirates fans at the final
  • Sport

Pirates win Nedbank Cup final


People gather for ATM celebrations
  • Elections 2024
  • Politics

Fixing education, economy top of ATM’s 2024 election manifesto


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous Opposition parties welcome withdrawal of Section 100 in the North West
Next Africa’s World Cup playoffs reflect shift in power to the north