TotalEnergies (NYSE:TTE) sees plenty of alternatives to Russian gas, Bloomberg reported Wednesday, as the European Union proposes a ban on all deliveries from Russia by the end of 2027, a major step in the bloc's attempts to sever its energy ties with the country.

The European Commission on Tuesday is expected to propose a ban on Russian gas and liquefied natural gas (LNG) imports into the EU by the end of 2027. This measure will employ legal mechanisms to prevent EU members Hungary and Slovakia from blocking the plan,