28 April 2025 | Gas

European Commissioner for Energy stated region's dependence on gas supplies from Russia

European Commissioner for Energy stated region's dependence on gas supplies from Russia

As it was stated by Dan Jorgensen, European Commissioner for Energy, the member countries of the EU are still dependent on Russian gas. The official made the statement in a conversation with the Table.Media journalists.

However, Jorgensen emphasized the undesirability of maintaining this dependence and spoke in favor of increasing fuel supplies from other sources. According to him, the region has the capacity to import more energy from the United States. However, in parallel, he recognized the existence of the EU's dependence on shipments of liquefied natural gas from that country as well.

It should be noted that three years ago, the European Union launched the REPowerEU program, which implies the cancellation of gas supplies from Russia by 2027. According to Jorgensen, the region's authorities are preparing a detailed plan to phase out its purchases. The region's strategy, he said, will be soon presented.

Period: 17.07.2026 Expectation: 500 pips
Buying Brent crude with $80 target
10 July 2026 46
Period: 31.08.2026 Expectation: 600 pips
Invest in AUDCAD up to 0.9900
10 July 2026 29
Period: 17.07.2026 Expectation: 745 pips
USDCAD keeps its downside potential on fading upward move
10 July 2026 23
Period: 10.08.2026 Expectation: 4000 pips
Selling GBPUSD on weak UK economy
10 July 2026 18
Period: 18.07.2026 Expectation: 725 pips
AUDCAD sets sights higher as new uptrend takes shape
10 July 2026 22
Period: 09.08.2026 Expectation: 250 pips
Selling ETHUSD down to $1,500
09 July 2026 56
Go to forecasts