Albo must stop Gasmageddon

Wednesday 7 May 2025

This is not good news. The Australian.

The EU has unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe’s continued dependence on Russian fossil fuels.

“Today the European Union sends a very clear message to Russia: no more, no more, will we permit Russia to weaponise energy against us,” EU energy chief Dan Jorgensen said as he set out the measures.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.