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The European Commission postponed the plan to abandon Russian fuel


March, 05 2025
watermark Economic news

The European Commission has decided to postpone the publication of the plan for phasing out Russian fossil fuels, which was originally scheduled for March 26. The new release date of the document has not yet been specified. 


This move briefly triggered a 4.2% drop in natural gas prices in Europe, but quotes quickly returned to previous levels.


Energy expert Tom Marcek-Manser suggested that the postponement of the publication may indicate a revision of the ambitious goal of the European Union to completely abandon Russian gas by 2027. He noted that the United States continues to apply a pragmatic approach in international politics, and Russian gas supplies, including liquefied natural gas (LNG), may be part of some kind of agreement aimed at resolving the current conflict.


Meanwhile, natural gas futures showed a slight increase on the Amsterdam stock Exchange, reaching 43.57 euros per megawatt hour.


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