WORLD / EUROPE
EU announces plan to slash Russian gas dependence
Published: Mar 09, 2022 07:04 PM
A general view as Ukrainian President Volodymyr Zelensky chairs a meeting of the National Security and Defense Council after Russiaas decision to recognize the Donetsk and Luhansk regions as independent states, on February 22, 2022, in Kiev, Ukraine. (Photo by Ukrainian Presidency / Handout/Anadolu Agency via Getty Images) Photo: CFP

A general view as Ukrainian President Volodymyr Zelensky chairs a meeting of the National Security and Defense Council after Russiaas decision to recognize the Donetsk and Luhansk regions as independent states, on February 22, 2022, in Kiev, Ukraine. (Photo by Ukrainian Presidency / Handout/Anadolu Agency via Getty Images) Photo: CFP

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The European Commission announced on Tuesday a plan to reduce the European Union (EU)'s demand for Russian gas by two-thirds before the end of 2022, and expect it to be independent from Russian fossil fuels well before 2030.

In response to rising energy prices in Europe and the current uncertainty on supply, the plan, REPowerEU, will seek to diversify gas supplies, the Commission said in a press release on Tuesday.

"It is time we tackle our vulnerabilities and rapidly become more independent in our energy choices," said Frans Timmermans, vice-president of the European Commission in charge of the Green Deal, adding that "let's dash into renewable energy at lightning speed. Renewables are a cheap, clean, and potentially endless source of energy and instead of funding the fossil fuel industry elsewhere, they create jobs here."

The plan also outlines a series of measures to respond to rising energy prices in Europe and to replenish gas stocks for 2023's winter.

President of the European Commission Ursula von der Leyen said in a statement that Europe had to become independent from Russian oil, coal and gas.

Claiming that Europe has sufficient amounts of gas for the remaining weeks of this winter, Commissioner for Energy Kadri Simson stressed that the need to replenish reserves for 2023 was urgent.

"The Commission will therefore propose that by 1 October, gas storage in the EU has to be filled up to at least 90 percent. We have also outlined price regulation, state aid and tax measures to protect European households and businesses against the impact of the exceptionally high prices," Simson said.

Xinhua