Newsweek on Nostr: Ukraine halts Russia's gas pipe to Europe: How will Putin respond? ========== A ...
Ukraine halts Russia's gas pipe to Europe: How will Putin respond?
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A five-year gas transit deal between Ukraine and Russia's Gazprom ended on January 1, 2025, with no new agreement. Ukraine's energy minister called it a 'historic event' that will financially hurt Moscow and support Europe's efforts to reduce reliance on Russian gas. Russia's foreign ministry claimed this move harms European living standards. Experts suggest Russia may redirect gas through alternative pipelines and increase LNG exports, while also exporting natural gas in the form of nitrogen fertilizers. The closure of the Ukrainian transit route poses significant challenges for Russia, which has relied on it for over 50 years, generating approximately $5 billion in revenue. The end of this deal marks a shift in energy relations, with Russia pivoting towards the East and Europe seeking alternatives from the U.S. and other sources.
#Ukraine #Russia #GasTransit #Energy #Gazprom #Putin #Zelensky #Eu #Lng #Fertilizers
https://www.newsweek.com/ukraine-halts-russias-gas-pipe-europe-how-will-putin-respond-2008580
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A five-year gas transit deal between Ukraine and Russia's Gazprom ended on January 1, 2025, with no new agreement. Ukraine's energy minister called it a 'historic event' that will financially hurt Moscow and support Europe's efforts to reduce reliance on Russian gas. Russia's foreign ministry claimed this move harms European living standards. Experts suggest Russia may redirect gas through alternative pipelines and increase LNG exports, while also exporting natural gas in the form of nitrogen fertilizers. The closure of the Ukrainian transit route poses significant challenges for Russia, which has relied on it for over 50 years, generating approximately $5 billion in revenue. The end of this deal marks a shift in energy relations, with Russia pivoting towards the East and Europe seeking alternatives from the U.S. and other sources.
#Ukraine #Russia #GasTransit #Energy #Gazprom #Putin #Zelensky #Eu #Lng #Fertilizers
https://www.newsweek.com/ukraine-halts-russias-gas-pipe-europe-how-will-putin-respond-2008580