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Deal or no deal: will Ukraine transit Russian gas post-2024? [Gas in Transition]

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Deal or no deal: will Ukraine transit Russian gas post-2024?

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Natural Gas News
Deal or no deal: will Ukraine transit Russian gas post-2024? [Gas in Transition]

Summary

The consensus among experts who spoke with NGW is that a deal is unlikely, but the situation could well evolve rapidly over the coming months. by: NGW

Ukrainian authorities remain adamant that they have no intention of renewing the country’s gas transit agreement with Russia, due to expire at the end of this year, raising the risk of a further reduction in Russian supply to Europe. As things currently stand, experts are doubtful that a deal will be reached. But the situation could well evolve rapidly over the coming months, depending on developments in the Russia-Ukraine conflict, and conditions on the European gas market. Kyiv and Moscow agreed on the current transit contract in 2019, which required Gazprom to pay to send at least 60bn m3/year of gas via Ukrainian pipelines in 2020, regardless of how much it actually delivered. This threshold was lowered to 45bn m3/yr annually for the 2021-2024 period. Despite war raging in Ukraine for almost two yea...

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