The European Commission will next month propose legal measures to phase out the EU's imports of all Russian gas and liquefied natural gas by the end of 2027, the EU executive said earlier in May.

The European Commission is discussing the introduction of an import quota of zero for Russian gas, according to people with knowledge of the matter.

Turkey has discovered 75 billion cubic meters of natural gas worth $30 billion dollars in the Black Sea, according to President Recep Tayyip Erdogan.

"Despite the significant progress achieved under the REPowerEU Plan and via sanctions since Russia's invasion of Ukraine, in 2024 the EU saw a rebound in Russian gas imports," the EC said. "More coordinated actions are therefore needed, as the EU's overdependency on Russian energy imports is a security threat."

Renewable hydrogen is also part of a broader plan and series of directives aiming at increasing the share of renewable energies in EU’s energy consumption.

Our projections indicate significant uncertainty in societal cost estimates for 2050, ranging from approximately €236/tCO₂ to €3,938/tCO₂. Consequently, direct comparisons with marginal abatement costs become difficult; for instance, even the relatively lower MAC of €1,944/tCO₂e in the “Linear Path to Net Zero” scenario aligns with societal costs only under particular discount rates and growth assumptions.

Gas plays a crucial role in the energy transition by replacing higher-carbon energy sources and as a partner to renewable energy.

The 1337 second-long plasma record came just a few weeks after China’s Experimental Advanced Superconducting Tokamak (EAST) set a previous world record by maintaining steady-state high-confinement plasma operation for 1066 seconds.

The French state partly owns Engie, which used to be among the biggest buyers of Gazprom's gas. Holleaux said Russia could supply around 20-25% of EU needs, down from 40% before the war.

EU countries are expected to add 89 gigawatts of new renewable energy capacity in 2025, including 70GW of solar and 19GW of wind, according to Commission projections shared with Reuters. The projections are based on industry data.

Under the teaming agreement - signed in Seoul on 1 April - the cooperation between Fermi Energia and Samsung C&T will focus on key aspects of the project, including the formation of an Engineering, Procurement, and Construction (EPC) partnership, site constructability review, cost estimation, and financing strategies.

Gazprom began supplying gas to Slovakia again at the beginning of February, using volumes given up by Hungary on the TurkStream pipeline, SPP said last month. Volumes were due to double from April, but no amounts were given.

Lower LNG demand from China is also providing near-term relief for European buyers competing for shipments. The Asian country’s purchases are forecast to fall this year for the first time since 2022,

There have also been reports that Nord Stream 2 could be taken under new ownership with a view to allowing Russian gas to flow via the undamaged string of the link.

According to Iran’s oil ministry, Qatar has already implemented pressure enhancement schemes, boosting production on Qatar’s side of the field (called North Dome).