European Parliament Approves Sweeping Energy Reforms to Speed Clean Power, Curb Russian Gas
• European Parliament approves reforms to gas and electricity markets aimed at accelerating clean energy transition and boosting energy security • Allows restrictions on Russian gas imports; promotes biomethane production and hydrogen infrastructure development • Includes consumer protections against high electricity prices; allows price caps during crisis situations • Sets limits on methane emissions from oil, gas, coal sectors; requires leak detection and repair programs • New import contracts must meet strict monitoring and emissions requirements, likely excluding Russian gas