As the technical meetings continued on Monday 1 December, ahead of the third – and supposedly last – political trilogue on the ‘REPowerEU’ regulation on 2 December, the Council of the EU is cautiously advancing on an early phase-out date of long-term contracts to import Russian gas.
As previously indicated (see EUROPE B13758A7), imports of liquefied natural gas (LNG) could be phased-out starting the 1st of January 2027 (instead of 1 January 2028), as requested by the European...