The cessation of gas transit through Ukraine will cost Russia’s Gazprom about $6.5 billion a year.
Bloomberg calculated such losses for the Russian gas monopoly.
This is a strong incentive for the Kremlin to renew the deal. Last week, Putin left the door open, saying he was ready to extend gas transit through Ukraine beyond 2024, the article says.
Ukraine is negotiating with Azerbaijan; gas from this country could replace Russian gas.
According to Energy Minister German Galushchenko, “at this stage there is no specific proposal from traders that could be discussed.”
However, the minister emphasized that there is no talk of continuing the transit of Russian gas to Europe through the territory of Ukraine after December 2024.
Ukraine will not continue the agreement on the transit of Russian gas after 2024. This is the end of it, President Volodymyr Zelensky also said.
According to the president, if there is a request for gas transit from other European partner countries, Ukraine will consider this request.
Azerbaijan is ready to replace Russian gas in the Ukrainian pipeline. However, Mikhail Gonchar, president of the Center for Global Studies “Strategy XXI”, warns that this agreement could “turn into a scheme for the hidden export of Russian gas to the European market.”
The plan envisages that Baku would import gas from Russia and then export its gas to Europe via a Ukrainian pipeline. Azerbaijan can supply only 2 billion cubic meters of the 14 billion needed.
Source: Racurs
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