In line with the Versailles Declaration and the REPowerEU Communication, a large number of gas importers have already terminated or significantly reduced their gas supplies from the Russian Federation. As set out in the Assessment of Impacts, the remaining gas volumes under existing supply contracts can be phased out without significant economic impact or risks for the security of supply, due to the availability of sufficient alternative suppliers on the world gas market, a well-interconnected Union gas market and the availability of sufficient import infrastructure. The related measures need to be in line with the current energy framework of the Union.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
