Wednesday, 5 February 2025
Home Topics Politics Economy Putin says there is no time to sign new Ukraine gas transit deal this year
EconomyNatural GasNewsPoliticsTrade

Putin says there is no time to sign new Ukraine gas transit deal this year

24
FILE PHOTO: Russian President Vladimir Putin attends a meeting of the Supreme Eurasian Economic Council at the Igora resort in the Leningrad region, Russia, December 26, 2024. Sputnik/Gavriil Grigorov/Pool via REUTERS/File Photo
FILE PHOTO: Russian President Vladimir Putin attends a meeting of the Supreme Eurasian Economic Council at the Igora resort in the Leningrad region, Russia, December 26, 2024. Sputnik/Gavriil Grigorov/Pool via REUTERS/File Photo

MOSCOW (Reuters) – President Vladimir Putin said on Thursday there was no time left this year to sign a new Ukrainian gas transit deal, and laid the blame firmly on Ukraine for refusing to extend the agreement that brings gas to Slovakia, the Czech Republic and Austria.

“They announced that they would not renew the contract,” Putin said, adding that Kyiv was punishing Europe by the move.

The current five-year gas transit deal between Russia and Ukraine expires in the end of the year.

“There is no contract and it is impossible to conclude it in 3-4 days,” Putin said in a televised briefing.

Russian gas supplies to Europe via Ukraine are relatively small. Russia shipped about 15 billion cubic metres (bcm) of gas via Ukraine in 2023 – only 8% of peak Russian gas flows to Europe via various routes in 2018-19.

The Soviet-era Urengoy-Pomary-Uzhgorod pipeline brings gas from Siberia via the town of Sudzha – which is now under control of Ukrainian military forces – in Russia’s Kursk region. It then flows through Ukraine to Slovakia.

In Slovakia, the gas pipeline splits into branches going to the Czech Republic and Austria.

Russia is ready to supply gas via Ukraine to any customer but he said a lawsuit was making that impossible, Putin said.

Putin also reiterated Russia was ready to supply gas to Europe via Poland through the Yamal – Europe pipeline.

(Reporting by Felix Light and Anastasia Lyrchikova; editing by Vladimir Soldatkin and Guy Faulconbridge)

Related Articles

First Minister John Swinney was shown a hydrogen gas cooker during the visit (Jane Barlow/PA)
ClimateHydrogen

Swinney: Hydrogen-powered home is ‘exciting’ development in climate change fight

John Swinney says the opening of the first hydrogen-powered homes at a...

FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov/File Photo
BusinessOilPoliticsTrade

OPEC+ likely to stick to oil output hike plan, sources say

By Maha El Dahan, Ahmad Ghaddar and Olesya Astakhova LONDON (Reuters) -OPEC+...

FILE - People walk amid an oil spill in the Niger Delta in village of Ogboinbiri, Nigeria, Dec. 11, 2024. (AP Photo/Sunday Alamba, File)
BusinessEconomyOilPolitics

Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business

ABUJA, Nigeria (AP) — The Nigerian government is in talks with local...

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024.  REUTERS/Brian Snyder/File Photo
BusinessEconomyIndustryInfrastructurePoliticsTrade

US metal buyers likely to turn to Mideast, Chile as tariffs bite

By Melanie Burton MELBOURNE (Reuters) -U.S. companies will look to the Middle...

Login into your Account

Please login to like, dislike or bookmark this article.