The Australia MarCom Report
SEE OTHER BRANDS

Fresh news on media and advertising in Australia

Austria calls for second look on prohibition of Russian gas

(MENAFN) Austria has suggested that the European Union should consider the possibility of resuming Russian gas imports once a peace agreement is reached between Moscow and Kiev, the Financial Times reported on Tuesday. The Austrian energy ministry emphasized that Brussels should retain the flexibility to “reassess the situation” following the resolution of the conflict.

This position, previously advocated by Hungary and Slovakia, challenges a new EU legislative proposal that would bar any future gas contracts with Russia and terminate existing ones within two years—regardless of diplomatic developments.

According to diplomats cited by the FT, Austrian State Secretary for Energy Elisabeth Zehetner raised the issue at an EU energy ministers' meeting in Luxembourg on Monday. This marks the first time since the Ukraine conflict intensified in 2022 that a third EU country has publicly supported the idea of re-engaging with Russian energy supplies after peace is restored.

Behind closed doors, Italy—another major Russian gas importer in 2024—has also hinted at the same possibility, the FT reported. However, EU officials remain firmly opposed. Energy Commissioner Dan Jorgensen reiterated that even a peace deal should not reopen the door to Russian gas imports.

Before the conflict, Russian pipeline gas accounted for over 40% of EU supplies but dropped to just 11% by 2024, following sanctions and the sabotage of the Nord Stream pipelines. Despite the official stance, EU member states still paid nearly €1.85 billion for Russian gas in December 2024, with pipeline and LNG imports reaching their highest levels since early 2023.

Austria, which relied on Russia for 80% of its gas until 2023, saw supplies cut when Ukraine halted transit via its pipelines. Hungary and Slovakia continue to resist moves to sanction Russian gas, as such decisions require unanimous EU approval. Hungarian leaders have labeled the proposed full phase-out of Russian gas by 2027 as “absolute insanity,” warning it could raise energy costs and harm national sovereignty.

MENAFN18062025000045015687ID1109688585


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service