Business
Ukraine to end transit of Russian gas into Europe
Russian gas supplies to Europe via Ukraine are to end on Wednesday, when a five-year deal between Ukraine’s gas transit operator Naftogaz and Russia’s Gazprom expires.
Ukrainian President Volodymyr Zelensky said his country would not allow Russia to “earn additional billions on our blood” and had given the EU a year to prepare.
The EU has significantly reduced imports of gas from Russia since it launched its full-scale invasion of Ukraine in 2022, but a number of eastern member states still depend largely on the supplies, making Russia about €5bn ($5.2bn; £4.2bn) a year.
The European Commission said the continent’s gas system was “resilient and flexible” and that it had sufficient capacity to cope with the end of transit via Ukraine.
Russian gas made up less than 10% of the EU’s gas imports in 2023, according to figures from the bloc, compared to 40% in 2021.
But several EU members, including Slovakia and Austria, continue to import significant amounts of gas from Russia.
Austria’s energy regulator said it did not forecast any supply disruption as it had diversified sources and built up reserves.
But Ukraine’s decision has already caused serious tensions with Slovakia, which is now the main entry point of Russian gas into the EU and earned transit fees from piping the gas on to Austria, Hungary and Italy.
On Friday, Slovakia’s Prime Minister Robert Fico – who had just made a surprise visit to Moscow for talks with Russian President Vladimir Putin – threatened to stop the supply of electricity to Ukraine.
This prompted Mr Zelensky to accuse him of helping Mr Putin “fund the war and weaken Ukraine”.
“Fico is dragging Slovakia into Russia’s attempts to cause more suffering for Ukrainians,” the Ukrainian president said.
Poland has offered to support Kyiv in case Slovakia cuts off its electricity exports – supplies that are crucial to Ukraine, whose power plants come under regular attack from Russia.
Moldova – which is not part of the EU – could be seriously affected by the end of the transit agreement. The gas fuelled a power plant on which Moldova relies for most of its electricity needs. It also supplied the Russia-backed breakaway region of Transnistria, a small sliver of land sandwiched between Moldova and Ukraine.
Moldova’s energy minister, Constantin Borosan, said the government had taken steps to ensure stable power supplies to the country but called on citizens to save energy. A 60-day state of emergency in the energy sector has been in place in Moldova since mid-December.
President Maia Sandu accused the Kremlin of “blackmail” possibly aimed at destabilising her country ahead of a general election in 2025. The Moldovan government also said it had offered aid to Transnistria.
Main gas pipelines across Europe
Ukraine to end transit of Russian gas into Europe
© BBC
Russia has transported gas to Europe through Ukraine since 1991.
As the EU has reduced its dependence on Russian gas, it has found alternative sources in liquefied natural gas (LNG) from Qatar and the US as well as piped gas from Norway.
Once the Ukrainian transit route is cut off, the Black Sea’s TurkStream – which reaches Turkey, Hungary and Serbia – will be the only Russian gas supply to European countries.
In December, the European Commission laid out plans it said would enable EU member states to entirely replace gas transiting through Ukraine.
Under the EU’s contingency plans, affected countries will be supplied with Greek, Turkish and Romanian gas from the Trans-Balkan route, while Norwegian gas will be piped through Poland. More supplies will also reach central Europe through Germany.
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