Short-term supply contracts concern smaller volumes than the large long-term supply contracts importers hold with Russian companies and existing short-term supply contracts will in any event be close to expiration by the time this Regulation enters into force. Accordingly, the risk to economic security resulting from existing short-term supply contracts appears to be low. It is therefore appropriate to exempt existing short-term supply contracts from the immediate application of the import prohibition allowing for a transition period until 25 April 2026 for LNG imports, taking into account Article 3ra of Council Regulation (EU) No 833/2014, and until 17 June 2026 for pipeline gas.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
