EurOil: Will Russian gas transit via Ukraine end after 2024?

Ukraine has delivered a stark warning that Russian gas transit via its territory, one of only two remaining routes that Russian gas can flow to Europe, is likely to cease at the end of next year with the expiry of a five-year deal with Russia.

It took great pains for Moscow and Kyiv to reach the current agreement in 2019, with the EU heavily involved in pushing negotiations towards a resolution. Ukrainian Energy Minister Herman Halushchenko told the Financial Times on June 22 that it was difficult to imagine the negotiation of a replacement contract in light of Moscow’s full-scale invasion of Ukraine last year.

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