Brussels has proposed a ban on long-term contracts to import natural gas into the EU beyond 2049 in an attempt to end the bloc’s reliance on foreign producers led by Russia.
The European Commission on Wednesday unveiled an update of its gas market rules, which includes a prohibition on member states entering gas contracts with non-EU countries that run beyond 2049 — the last year before the EU aims to hit its net zero greenhouse gas emissions target.
“No long-term contracts for supply of unabated fossil gas shall be concluded with a duration beyond the end of year 2049,” states the commission proposal, which will require agreement from a majority of EU governments and MEPs to come into force.
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