Russian Gas and LNG Contracts Now Subject to Mandatory EU Termination Dates

EU agreement restricts import of Russian Gas and LNG

The European Council and the European Parliament have reached a preliminary agreement on a regulation that will gradually prohibit the import of both Russian gas and liquefied natural gas (LNG).

Although these arrangements are still preliminary, Lars Aagaard, Denmark’s Minister for Climate, Energy, and Utilities (the EU Presidency country), called the decision “a great victory” and a critically important step toward permanently ending energy dependence on Moscow.

The new rules establish clear termination dates for all Russian gas supply contracts:

Type of GasContract TypeDeadline for Ban
Pipeline GasLong-term ContractsNo later than November 1, 2027
Liquefied Natural Gas (LNG)Long-term ContractsNo later than January 1, 2027

A transitional period is provided for short-term contracts: supplies of Russian LNG will cease starting April 25, 2026, and pipeline gas will cease starting June 17, 2026.

To ensure these restrictions are enforced, the EU is implementing strict controls:

☛ A special authorization system will be introduced for each delivery (applications must be submitted at least one month in advance).

☛ Serious penalties are mandated for violations of the new rules, affecting both companies and individuals.

☛ All EU member states are required to develop and submit national plans for finding alternative energy suppliers to achieve a complete phase-out of Russia.

NEWSROOM IN notes the overall picture regarding EU purchases of Russian oil and gas.

Following the start of the full-scale invasion of Ukraine (February 2022) and the introduction of sanctions, EU spending on Russian energy resources has sharply decreased compared to the peak year of 2021 and the first half of 2022.

PeriodTotal Amount Spent by the EU on Oil and Gas from RussiaNote
2021Approximately €163.6 billion (Total imports of goods from Russia)Energy commodities made up the overwhelming share.
2023Approximately €23 billionEuropean Commission estimate for overall energy imports.
2024Approximately €21.3 billionGerman Federal Statistical Office data on oil and gas imports.

An important nuance regarding 2024: The €21.3 billion figure for 2024 demonstrates the massive reduction in volumes, as total imports from Russia before the war (in 2021) were roughly 7–8 times higher (€163.6 billion).

Focusing only on oil, the reduction has been the most radical. Due to the EU embargo on Russian oil—introduced following Russia’s invasion of Ukraine—and the G7 price cap, Russia’s share of EU oil imports has dropped from approximately 29% in 2021 to just 2–3% in 2024.

Therefore, while the EU spent tens of billions of euros specifically on oil in 2021, by 2024, the bulk of the remaining payments (€21.3 billion) consists of gas (especially LNG) and oil supplied via the Druzhba pipeline to countries that received sanction exemptions (such as Hungary and Slovakia).

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