Kyiv and Moscow will most likely fail to agree on an extension of the contract for the transit of Russian gas to Europe, which expires at the end of 2024. This was stated by Minister of Energy of Ukraine Herman Galushchenko, writes the Financial Times.
“I really can’t imagine how it could be on a bilateral basis,” Galushchenko noted, quoted by Kommersant.
According to the minister, Ukraine is “preparing systems to reduce supplies.”
He added that Europe will be relatively prepared for a further slowdown in supplies, as it has previously had to adapt to similar cuts, but it is likely that European policymakers will want to renegotiate the 2019 deal.
Earlier, the former head of the Austrian oil and gas company OMV, Gerhard Reus, referring to a conversation with the Deputy Minister of Energy of Ukraine, said that Ukraine did not intend to renew the gas transit agreement with Russia expiring in 2024.
Transit through Ukraine is one of the two remaining pipeline gas routes from Russia. The rest of the deliveries go through the Turkish Stream. According to the FT, transit through Ukraine accounts for 5% of European gas imports, about half of gas imports to Austria and 95% of Slovakia’s imports.
Source: Rosbalt
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