Following Russia's attack on Ukraine, the EU Commission has accelerated plans to phaseout Russian gas, with a two-thirds cut this year. To offset the cut, it aims to boost LNG imports and renewables. But we think the EU faces difficult trade-offs in juggling its goal to phase out Russian gas while avoiding economic damage and staying on course to fulfil its green ambitions.
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Topics: Forecasts, Europe, Eurozone, Macroeconomics, Oil prices, Oil production, Outlook, Oil and gas, Russia, Supply and demand, Energy prices, Oil, European Union, Ukraine, Energy