Europe announces REPowerEU plan to reduce dependency from Russian gas
March 8, 2022
The European Commission has announced a plan in which they target to reduce Russian gas imports by 100 bcm in 2022. The first stage of the plan foresees replacing 60 bcm of Russian with other LNG and pipeline alternative sources, doubling the production of biomethane and increasing the production and import of renewable hydrogen. On a second stage, the European Commission will foster the development of renewable energies, including photovoltaic panels, heat pumps and solar energy, as well as accelerating permitting procedures to increase on- and offshore wind capacity, and rollout large-scale solar projects. In addition, underground gas storages will be required to be filled up by 90% of their capacity by October 2022.
Edited from the European Commission’s Press Release