Energy analyst Ana Subasic says efforts by Slovakia and Hungary to negotiate a new transit deal do not look likely to have been successful.
Read more : https://tinyurl.com/ms2eazpe
#Russia #Gas #Ukraine
Read more : https://tinyurl.com/ms2eazpe
#Russia #Gas #Ukraine
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00:00Austria's Baumgarten terminal is ready to receive its last gas flows from Russia.
00:06Despite previous transit stop announcements by Ukraine, Kiev has so far never implemented
00:11them.
00:12But experts say this time is different.
00:15Starting January 1st, 2025, it's our understanding that eventually the Russian gas that's coming
00:21to Europe is going to stop completely.
00:24Energy analyst Anna Subasic says efforts by Slovakia and Hungary to negotiate a new transit
00:29deal have likely not been successful.
00:31She's expecting central and eastern Europe to make the shift from Russian gas to liquefied
00:37natural gas coming from northwestern Europe instead.
00:40Europe will rely on a lot more LNG to kind of fill for this kind of loss that we are
00:46seeing from pipeline gas, which is around 15 BCM on a yearly basis.
00:53Gas flow through Ukraine accounts for around half of Moscow's pipeline exports to Europe.
00:58So after decades of cheap Russian gas, consumers in central Europe now fear LNG imports will
01:05increase energy prices.
01:08At the beginning of December, Austria unilaterally cancelled its gas contract with Moscow after
01:13Russia's state-owned Gazprom had refused to supply gas to Austria's OMV company over
01:18payment disputes.
01:20Gazprom lost one of its few remaining long-term pipeline gas buyers in Europe.
01:25For 50 years, Austria sourced an average 80 percent of its gas supply from Russia.
01:30Johannes Blechberger, CGTN, Villach in Austria.