“In its internal plans for 2025, the Russian gas monopolist Gazprom assumes that gas transit to Europe through Ukraine will no longer be carried out after December 31, 2024.”, — write: epravda.com.ua
In its internal plans for 2025, the Russian gas monopolist Gazprom assumes that gas transit to Europe through Ukraine will no longer be carried out after December 31, 2024. This is reported by the Reuters agency. Ukraine has declared its desire to complete the current transit agreement, which will put an end to the more than half-century history of supplying gas from Siberia to Central Europe. This transit was a stable source of income for the Russian budget. Despite Kyiv’s statement of reluctance to continue the agreement, which brings Ukraine up to $1 billion a year in transit fees, Moscow signals readiness for negotiations and the possibility of continuing supplies through Ukrainian territory. Advertisement: However, Russia, which before the Great War was the largest supplier of natural gas to Europe, lost almost all of its European customers. This happened due to the EU’s attempts to reduce dependence on Russian energy, as well as after the Nord Stream gas pipeline was blown up in 2022.Advertisement: According to a source familiar with Gazprom’s plans, Russia’s base scenario for next year foresees a complete absence of gas transit through Ukraine. Russian gas exports to “far abroad” (Europe and Turkey) are expected to decline by 20% in 2025 to less than 39 billion cubic meters, compared to more than 49 billion cubic meters in 2024 due to the completion of the Ukrainian transit. Read also: Ukraine still pumps Russian gas and finances the war against itself. Will this continue in 2025? We will remind: The termination of the transit agreement between Russia and Ukraine on December 31 will have little effect on the strengthened European gas market. The government of Ukraine is not conducting official negotiations regarding the continuation of the transit of Russian gas after the termination of the current agreement. President of Azerbaijan Ilham Aliyev expressed confidence in the outcome of negotiations between Russia and Ukraine to ensure continued supply of Russian gas through Ukraine to several European countries. Ukraine does not intend to extend the gas transit agreement with Russia, which expires at the end of 2024, and is ready to discuss the transit of gas from other suppliers through its GTS if requested by Europe.