Russian gas will no longer pass through Ukraine: What is the future of Gazprom?

by Andrea
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In its internal plan for 2025, the Russian state-controlled gas giant Gazprom assumes that after December 31, gas will no longer flow to Europe through Ukraine. said a source familiar with the plan. TASR informs about it based on a Reuters report.

Kyiv declared that it would not extend the gas transit agreement. This will stop the more than 50-year-long flow of gas from Siberia to the markets of Central Europe, which started in the days of the Soviet Union and was a stable source of income for the Russian budget.

While Ukraine has said it will not consider extending the transit agreement, which brings Kyiv up to 1 billion USD (950.4 million euros) annually from transit fees, Moscow has signaled that it is open to negotiations and continued transit through this route. Also Russian President Vladimir Putin declared that Russia is ready to continue supplying gas through Ukraine.

Before the attack on Ukraine, Russia was the main supplier of gas to Europe. However, after it started the war in Ukraine, it lost almost all of its European customers. The European Union (EU) is trying to get rid of its dependence on energy from Russia.

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