End of Russian gas transit via Ukraine will have little impact on prices

According to the European Commission, the termination of Russian natural gas transit through Ukraine from January 1, 2025, will have little impact on European prices.

This is reported by RBC-Ukraine with reference to Bloomberg.

There are only about three weeks left before the transit agreement expires at the end of the year. However, the termination of the agreement between Ukraine and Russia has already been taken into account in the prices of European gas markets, and the region will be able to find alternative supplies.

The European Commission's analysis was designed to reassure member states and markets ahead of the contract's expiration.

While European fuel prices are far from the peaks reached during the crisis in 2022 - thanks to increased LNG imports that have replaced much of the Russian flows - they are still high.

Author - Dmitriy Levchenko, 12/12/2024