#EU_Gas: Germany is prepared to sign long-term gas contracts to import LNG from the US and others (Middle East). Bulgaria agreed to buy 1 billion m3 from Azerbaijan through the interconnection with Greece, functional since October, with a future increase in imports via⤵️
the Southern Corridor. EU governments and companies are diversifying their gas imports away from Russia. In the short term, this helps ensure the certainty of security of supply. However, it is premature to say that EU countries will no longer buy Russian gas.⤵️
In the post-war time, Gazprom's offer can always drive down prices on the European spot market. Industries are looking for a competitive advantage and may be eager to return to old business as usual.⤵️
That may change if national policies expressly ban Russian-sourced gas for security reasons. Until then, the EU and member states must (and will) work together on energy security guarantees in order to continue helping Ukraine to de-occupy its territory against Russian aggressor.
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