Official Austrian government energy reports or major news outlets like Reuters or Bloomberg

Austria to Phase Out Russian Gas by 2027, Reports Kurier

Aug 3, 2024, 11:13 AM

Austria's ruling coalition has committed to phasing out the use of Russian gas by 2027 as part of the country's new security strategy, according to the Austrian newspaper Kurier. This decision marks a significant milestone for the Greens, who have long advocated for reducing reliance on Russian energy. The agreement, negotiated between the People’s Party and the Greens, is part of a broader effort within the European Union to wean itself off Russian oil and gas to mitigate the influence of Russia's state-capture networks on the European economy. The move comes amid ongoing debates and efforts within the EU to abandon Russian energy supplies, with the US reportedly hindering these efforts.