EU discusses two options for preserving gas transit through Ukraine

European energy ministers will discuss imports of Russian natural gas, which continues to flow to the region despite the fact that the war in Ukraine has been raging for three winters. Two options are being discussed, but the deal is far from being concluded.

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

At a meeting in Luxembourg on October 15, ministers from 27 countries will discuss how ready the region is for winter, as the key gas transit agreement between Moscow and Kyiv expires on December 31. The need to maintain energy security has already forced the bloc to look for new gas supplies, led to higher energy prices and put pressure on the regional grid.

As Bloomberg notes, Europe needs to continue its efforts to wean itself off Russian fossil fuels by reducing gas consumption and building renewable capacity more quickly. Ukraine's pipeline is one of the two remaining routes to Europe for Russian flows, but liquefied natural gas exports continue to flow to the EU in large volumes.

Author - Dmitriy Levchenko, 15/10/2024