As it stands, Russia supplies some on average 1,600TWh of gas per year to Europe which represents 40% of Europe’s needs.

The company added that the milestone of achieving 100 million degrees Celsius plasma has been verified by an independent advisory board consisting of international experts.

Switzerland currently has four nuclear reactors generating about 35% of its electricity.

But events in Europe may cause a rethink about natural gas, both as a transition fuel in the United States and a foreign policy tool.

The proposed measures are fully consistent with the EU's European Green Deal and Fit for 55, and pave the way for further emissions reductions in the years to come, the IEA said.

Engie said it would comply with any European sanctions that could potentially affect Russian gas supplies to Europe, but warned of the major impact such a move would have on the market.

Germany will look into all options in response to the likely decrease or stop in Russian fossil fuel deliveries to Germany, including a longer run-time of nuclear and coal-fired power plants, even if those options are unlikely.

Europe's top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Peter Szijjarto, Hungarian Minister of Foreign Affairs and Trade, reviewed means of strengthening bilateral relations and growing cooperation, particularly in the fields of energy, clean energy, sustainability and water resources.

In response to the tougher sanctions, Russian President Vladimir Putin on Feb. 27 ordered nuclear deterrent forces on high alert, further escalating tension.

Equinor's (OSE: EQNR, NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures.

Norway's $1.3 trillion sovereign wealth fund will pull out of all investments in Russia because of its invasion of Ukraine, the Norwegian government said Feb. 27.

11 GW of new wind capacity was added in the 27 EU countries in 2021

Norway and the European Union have reiterated their commitments to reduce greenhouse gas (GHG) emissions in a coordinated manner by at least 55% by 2030 (compared to 1990), with the objective to achieve climate neutrality by 2050.

Blocking energy flows and banning Russia from the international financial messaging service SWIFT – two potential responses to Russia's military invasion of Ukraine – remain on the table but were not pursued in the latest sanctions package from the US.