28.08.2024, 13:31
In Europe said they were not ready to stop gas transit from Russia
Source: OREANDA-NEWS
OREANDA-NEWS Europe is not ready for Ukraine to terminate the gas transit agreement from the Russian Federation, the supply of Russian fuel was a guarantee in the event of a severe winter, Davide Tabarelli, head of the analytical and research center in the field of energy Nomisma Energia, told RIA Novosti.
On Tuesday, Vladimir Zelensky said that Ukraine would not extend the gas transit agreement with the Russian Federation, which expires at the end of 2024.
"Europe is not ready for this, just as it was not ready for the crisis of 2022, when there was a series of negative news that raised the price 10 times. Gas supplies from Russia have remained important in the last two winters, despite the conflict. But now the total block of supplies will exacerbate an already difficult situation, when prices are around 40 euros per megawatt hour. The situation is definitely better than two years ago, but now it doesn't help, it's not good news," Tabarelli said.
In March, Ukrainian Energy Minister German Galushchenko said that the Ukrainian authorities do not plan to extend the gas transit contract with Gazprom, which expires at the end of 2024.
In Europe, against the background of Kiev's statements on the future of the contract on the transit of Russian gas, they are not in a hurry to put an end to this issue, Russia intends to develop cooperation in the energy sector with those countries who are interested in this, Deputy Foreign Minister Mikhail Galuzin said earlier in an interview with RIA Novosti.
"The countries that are more dependent on Russia in terms of volumes expect the greatest damage – these are Eastern Europe, Hungary, the Czech Republic, but the whole of Europe is vulnerable. The minimum volume of gas supplied from Russia in the last two winters was a guarantee that in case of cold weather, prices would not rise. Now, in the absence of such an opportunity to resort to Russian gas, there is a risk of a price spike if the winter is severe," the expert said, adding that gas prices have already increased in the last few weeks in anticipation of Kiev's decision.
The European Union, the expert noted, had previously imported 140 billion cubic meters of gas and has now reduced them to 13. "Such a shortage of supply has already been very serious. Bringing them up to 13 will require new efforts. There are always volumes in the energy markets, you just have to pay for them, the question is how much," Tabarelli said.
On Tuesday, Vladimir Zelensky said that Ukraine would not extend the gas transit agreement with the Russian Federation, which expires at the end of 2024.
"Europe is not ready for this, just as it was not ready for the crisis of 2022, when there was a series of negative news that raised the price 10 times. Gas supplies from Russia have remained important in the last two winters, despite the conflict. But now the total block of supplies will exacerbate an already difficult situation, when prices are around 40 euros per megawatt hour. The situation is definitely better than two years ago, but now it doesn't help, it's not good news," Tabarelli said.
In March, Ukrainian Energy Minister German Galushchenko said that the Ukrainian authorities do not plan to extend the gas transit contract with Gazprom, which expires at the end of 2024.
In Europe, against the background of Kiev's statements on the future of the contract on the transit of Russian gas, they are not in a hurry to put an end to this issue, Russia intends to develop cooperation in the energy sector with those countries who are interested in this, Deputy Foreign Minister Mikhail Galuzin said earlier in an interview with RIA Novosti.
"The countries that are more dependent on Russia in terms of volumes expect the greatest damage – these are Eastern Europe, Hungary, the Czech Republic, but the whole of Europe is vulnerable. The minimum volume of gas supplied from Russia in the last two winters was a guarantee that in case of cold weather, prices would not rise. Now, in the absence of such an opportunity to resort to Russian gas, there is a risk of a price spike if the winter is severe," the expert said, adding that gas prices have already increased in the last few weeks in anticipation of Kiev's decision.
The European Union, the expert noted, had previously imported 140 billion cubic meters of gas and has now reduced them to 13. "Such a shortage of supply has already been very serious. Bringing them up to 13 will require new efforts. There are always volumes in the energy markets, you just have to pay for them, the question is how much," Tabarelli said.
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