Informed sources: European Union plans to phase out Russian liquefied natural gas faster

On September 18th, according to US media reports, the European Union is working on measures to speed up the phase-out of Russian natural gas, just days after Trump called on the European Union to take more action on energy. < b > The European Union's executive body, the European Union Commission, is considering including a clause in its new sanctions package to ban all imports of natural gas from Russia , whether the gas is transported by pipeline or in the form of liquefied natural gas. The European Union Commission is currently preparing to phase out pipeline gas imports by October 2025 and is now planning to introduce a bill to speed up the ban on Russian LNG. Analysts expect the global gas market to start shifting towards oversupply in the second half of next year, reducing the risk that a phase-out of Russian gas could put pressure on European supplies and send prices soaring. This will be a key factor in the European Union setting a new phase-out date.