European Union ends Russian gas imports through TurkStream by 2028, impacting Greece's energy costs

The EU will cease Russian gas imports via TurkStream by 2028, ending European dependence on Moscow. This shift is part of the REPowerEU plan to enhance energy security and diversification. The new regulation classifies gas transported through Turkey as Russian unless proven otherwise, aiming to replace pipeline gas with alternatives like LNG. This is expected to increase electricity prices due to LNG's higher cost. Greece, where 40% of electricity is gas-generated, faces potential energy cost volatility. EU member states are preparing for increased energy expenses during this transition period.