EU considering return to Russian gas – FT

European Union officials are discussing the possibility of resuming Russian gas imports as part of a potential peace agreement in Ukraine, according to the Financial Times.

The issue of Russian gas deliveries to the EU has proven contentious for the bloc, especially after Brussels stepped up efforts to reduce dependence on cheap Russian energy following the escalation of the Ukraine conflict in 2022.

Advocates of the proposal, including officials from Germany and Hungary, argue that reinstating Russian gas imports could lower Europe’s energy prices and encourage Moscow to engage in negotiations, the FT wrote, citing sources familiar with the matter. They believe that such a move would provide incentives for parties to the conflict to uphold a ceasefire.

”There is pressure from some big member states on energy prices and this is one way to bring those down, of course,” one official told the FT.

However, the idea has reportedly “infuriated” officials in Brussels and diplomats from some Eastern European countries, who have traditionally been the most outspoken critics of Russia. They are concerned about increasing Moscow’s export revenues and reversing efforts to decrease reliance on Russian energy.

Moscow has expressed doubt about the feasibility of the reported plan. The EU is unlikely to be prepared to restart purchases of Russian gas in the near future, first deputy chairman of the State Duma Energy Committee Igor Ananskikh told Lenta.ru on Thursday.

Russia has repeatedly stated that it’s ready to resume gas supplies to Europe and has criticized the sanctions, stating that they are causing more damage to the EU than to Moscow.

The EU has faced a dramatic reduction in Russian gas imports due to Ukraine-related sanctions and the 2022 sabotage of the Nord Stream pipeline, which was the main conduit for Russian gas to the EU. On January 1, Ukraine ceased the transit of Russian gas through its territory after an agreement with Moscow expired. Previously, Russian gas accounted for approximately 40% of the EU’s total supply.

The bloc has instead increased imports of liquefied natural gas (LNG) from countries like the United States and Norway, driving up energy prices. US President Donald Trump previously urged Brussels to purchase more American LNG, threatening tariffs if they did not comply.

High energy prices have significantly impacted the EU economy. The bloc’s economic powerhouse, Germany, saw its economy contract for the second consecutive year in 2024, according to official data.

Slovakia, one of the countries affected by the halt of the gas transit through Ukraine, has accused Kiev of jeopardizing its energy security. Prime Minister Robert Fico has pledged to veto any EU aid to Ukraine if the transit of Russian gas is not resumed.

“In the end, everybody wants lower energy costs,” a senior EU official told the FT.

Source: Rt.com