EU plans to ban new Russian gas deals, end existing contracts by 2027 - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
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Source: SeekingAlpha
EU's Plan to End Russian Gas Imports: The European Union will announce a strategy on Tuesday to prohibit new Russian gas agreements by the end of 2025 and gradually terminate existing contracts by the end of 2027, aiming to eliminate imports of Russian fossil fuels.
Decline in Russian Gas Share: Russia's share of EU pipeline gas imports has significantly decreased from over 40% in 2021 to about 11% in 2024, with total Russian gas imports accounting for less than 19% of the EU's total gas imports in 2024.
Analyst Views on UNG
Wall Street analysts forecast UNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 13.640
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Current: 13.640
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
