INSUBCONTINENT EXCLUSIVE:
The Ukrainian government has reiterated it will not renew its gas transit agreement with Russia when it expires in January 2025
lost, it may intensify Europe's battle with Asia for liquefied natural gas (LNG) supplies and create new headaches for cash-strapped
Ukraine via the Sudzha gas metering station in the Kursk region
in May 2022 Kyiv halted transit through the Sohranovka gas metering station in the Russian-controlled part of Ukraine
pipeline.The damaged gas measuring station in the Kyiv-held town of Sudzha, Kursk region, bearing the Gazprom logo.Yan Dobronosov / AFPWho
landlocked with no direct access to LNG ports, having long relied on Russian supplies via the pipeline
via Turkey after the closure of the Ukrainian transit, which was only used to import approximately 1 bcm of Russian gas to Hungary last
that Austria imported 88% of its gas from Russia in January-July this year, up from 60% in 2023
for Europe to compensate for the potential loss of Russian gas would be to import additional LNG from the U.S
May, Walter Boltz, former head of the Austrian energy regulator E-Control, estimated that prices would rise by up to 20% over a
report by Bloomberg, Moldova and Ukraine reached an informal agreement to ensure gas flows to Transnistria through Turkey, Bulgaria, and
the transit network, gas analyst Sergei Vakulenko noted
rising slightly to 19.8 bcm in 2023
will need to modify its pipeline system and these problems may be exacerbated if and when the Ukrainian economy recovers and requires more
Instead, it wants to use more of its gas for domestic consumption, increase pipeline exports to Central Asia and China, and invest in LNG,
revenues in Europe, with prices into China for 2024 expected to be around 20% below those for Europe, in addition to the decrease in export
this means that Azerbaijan would pay Ukraine's transit fees and deliver gas to Europe, but it would still be the physical Russian gas that
could make sense for most sides, its likelihood is determined by the EU's willingness to take reputational risks, as some critics may claim
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