The European Union is considering backtracking on a proposed ban on providing terminal services to Russian liquefied natural gas suppliers, potentially weakening a plan to phase out the gas purchases helping to fund Vladimir Putin’s war machine.
Denmark, which holds the EU’s rotating presidency through the end of this year, has proposed removing a prohibition of LNG terminal services from the draft regulation to end energy reliance on Moscow, according to a document seen by Bloomberg News. The ban, due to take effect next year, was originally designed by the European Commission to prevent any risk that Russian companies could use long-term capacity reservation to hinder imports from alternative sources.
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