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Gazprom is ready for a completely new situation: Gas volumes to Europe are decreasing from January 1

Although Ukraine says it does not intend to extend the gas transit contract, which brings the country about 1 billion dollars in transit fee revenue, Moscow signals that it is open to negotiations and continued flows along the route

Nov 26, 2024 19:50 77

Gazprom is ready for a completely new situation: Gas volumes to Europe are decreasing from January 1  - 1

Russian state gas giant "Gazprom" predicts a lack of transit through Ukraine after December 31, when the contract with Kiev expires, according to the company's internal plan, provided to Reuters by a familiar source, BTA reports.

Although Ukraine says it has no intention of extending the gas transit contract, which brings the country about $1 billion in transit fee revenue, Russia has signaled it is open to negotiations and continuing flows along the route.< /p>

Russian President Vladimir Putin has indicated that Moscow is ready to continue pumping gas to Europe through Ukraine.

According to a source familiar with Gazprom's plans, which have yet to be approved by top management, the company's baseline scenario for 2025 foresees no gas transit through Ukraine.

The source states that gas exports from Russia "far beyond the border" - a term used to refer to Europe and Turkey, excluding the former Eastern Bloc countries, is expected to fall by about a fifth to about 39 billion cubic meters. m compared to the current over 49 billion cubic meters. m thanks to the route through Ukraine.

These volumes include exports to Turkey via the "Turkish Stream" and Blue Stream, but exclude exports to China, which are expected to reach 38 billion cubic meters. m along the "Power of Siberia" tube.

"Gazprom" has refused to comment on the subject.