Geopolitics

EU-Ukraine Gas Ties in Flux

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  • Deliveries of Russian gas across Ukraine to Europe are set to end next year with the expiry of a five-year transit deal between Moscow and Kyiv — or perhaps sooner, should Moscow invoke sanctions on Ukraine's Naftogaz.

  • EU countries such as Germany and Poland have secured long-term alternatives to Russian gas, including LNG, but others such as Austria remain vulnerable.

  • Ukraine is mainly relying on its own gas production to meet domestic demand, which has dropped around a quarter since the war began, and offering up its storage capacity.

The Issue

Topics:
Security Risk , Gas Supply, Gas Pipelines, Ukraine Crisis, Gas Inventories
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