Ukraine’s refusal to transit Russian gas could cause blows to the gas transportation system.
Bloomberg writes about this on December 28.
When making a decision, the Ukrainian leader must take into account the need to protect the country’s 38,600-kilometer gas pipeline system. This network, one of the largest in the world, has not been attacked for the past three years as Russian gas flowed through it. If this stops, the system could become a target for attack, just like gas storage facilities and electricity sources. This would also create technical problems that would complicate heating of houses throughout Ukraine in winter, the publication notes.
Meanwhile, gas prices in Europe are rising for the fourth day in a row amid expectations of an end to the transit of blue fuel through Ukraine.
There is only a week left until the end of a key transit agreement between Russia and Ukraine.
Benchmark futures rose 1.2% on Dec. 24 and are up more than 10% in four sessions, highlighting market volatility as the end of the year approaches.
The looming end of the transit agreement coincides with forecasts of colder weather across much of Europe, which could boost demand for gas as supplies deplete faster than usual.
Fico – why threats to leave Ukraine without current imports are not feasible.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.