https://sputnikglobe.com/20241231/fuel-prices-in-europe-surge-amid-looming-end-to-russian-gas-transit-through-ukraine-1121323180.html
Fuel Prices in Europe Surge Amid Looming End to Russian Gas Transit Through Ukraine
Fuel Prices in Europe Surge Amid Looming End to Russian Gas Transit Through Ukraine
Sputnik International
Gas prices in Europe have shot up to $536 per 1,000 cubic meters during ICE trading, the highest since November 27, 2023, amid expectations of halted Russian gas transit through Ukraine starting January 1. Prices rose by over 4% since the day's start.
2024-12-31T16:41+0000
2024-12-31T16:41+0000
2024-12-31T16:42+0000
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February futures at the Dutch TTF hub exceeded $536 per 1,000 cubic meters (€50 per MWh). The current transit agreement, allowing the transport of 40 billion cubic meters annually through Ukraine, expires on January 1. Russian President Vladimir Putin confirmed that no new agreement would be signed before the New Year, and Kiev announced plans to halt Russian gas transit at 8:00 a.m. Moscow time on January 1.Ukraine stated, however, that it is open to resuming transit upon the European Commission's request, provided it is non-Russian gas. Putin suggested contracts with third-party suppliers, including Turkish, Hungarian, Slovak, or Azerbaijani companies.Meanwhile, gas transit bids from Russia through Ukraine for January 1 have dropped to zero, according to data from the Ukrainian Gas Transmission System Operator. Supplies will end at 8:00 a.m. Moscow time (05:00 GMT) on January 1, according to a contractual document on gas transit. Ukrainian authorities have repeatedly stated they do not plan to extend the transit agreement.
https://sputnikglobe.com/20241229/major-winners-and-losers-of-halting-russian-gas-transit-through-ukraine-1121300467.html
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europe, gas prices, gas futures, russian gas, russian gas transit, russian gas transit through ukraine
europe, gas prices, gas futures, russian gas, russian gas transit, russian gas transit through ukraine
Fuel Prices in Europe Surge Amid Looming End to Russian Gas Transit Through Ukraine
16:41 GMT 31.12.2024 (Updated: 16:42 GMT 31.12.2024) Gas prices in Europe have shot up to $536 per 1,000 cubic meters during ICE trading, the highest since November 27, 2023, amid expectations of halted Russian gas transit through Ukraine starting January 1. Prices rose by over 4% since the day's start.
February futures at the Dutch TTF hub exceeded $536 per 1,000 cubic meters (€50 per MWh). The current transit agreement, allowing the transport of 40 billion cubic meters annually through Ukraine, expires on January 1.
Russian President Vladimir Putin confirmed that no new agreement would be signed before the New Year, and Kiev announced plans to
halt Russian gas transit at 8:00 a.m. Moscow time on January 1.
29 December 2024, 16:58 GMT
Ukraine stated, however, that it is open to resuming transit upon the European Commission's request, provided it is non-Russian gas. Putin suggested contracts
with third-party suppliers, including Turkish, Hungarian, Slovak, or Azerbaijani companies.
Meanwhile, gas transit bids from Russia through Ukraine for January 1 have dropped to zero, according to data from the Ukrainian Gas Transmission System Operator.
Supplies will end at 8:00 a.m. Moscow time (05:00 GMT) on January 1, according to a contractual document on gas transit. Ukrainian authorities have repeatedly stated they do not plan to extend the transit agreement.
