The EU Commission outlines an ambitious roadmap to cut imports of Russian gas by two thirds in a year.
As countries scramble to reduce their reliance on Russia's oil and gas in the wake of its invasion of Ukraine, few places are as exposed as the European Union.from research group Transport & Environment, this dependence costs around $118m a day.
Another key focus in the coming months will be increased imports of Liquefied Natural Gas from suppliers including the US, Qatar and Australia. As well as diversifying gas supplies, the Commission also believes the reliance on Russia will be eased as there are new renewable energy projects due to come online., which have almost doubled since 2020, to pay for these green energy sources.
The Commission document also says that renewable energy projects must be fast tracked and says there is huge potential in domestic rooftop solar power.