Transit on minimums: As Europe refuses Russian gas and what will happen next

6 million, reports Reuters. It is noted that gas exports across Ukraine have been declining since 2022, although sometimes Gazprom increases supply. For example, at the end of last year and in the first three days of 2023, the Russian company supplied gas to more than 40 million cubic meters per day. But in the second half of January, supply volumes decreased sharply.

The publication believes that the Kremlin continues to blackmaid Europe in cold winter and the lack of gas for home heating, so the Russian Federation can further reduce the export of "blue fuel" through Ukraine. Although a rather warm winter in the EU helped countries reduce the need for imports, the demand for heating gas has also decreased. In addition, during the warm winter period, the EU again increased reserves in underground storage.

Yes, Europe now has 85% of the required gas volume as of January 8, as evidenced by GAS Infrastructure Europe. It turns out that the EU's blackmail of the cold winter and lack of gas after the rejection of Russian resources was not successful for the Kremlin's management. According to the data of the ICE London Exchange on Tuesday, January 17, the cost of gas in Europe decreased by the mark below $ 600 for 1 thousand cubic meters. M.

As reports Reuters, this happened for the first time from August 30, 2021. Yes, the cost of a February futures on TTF in the Netherlands is $ 599 for 1 thousand cubic meters. m, or 53. 5 euros per mV h. To sum up, the prices for "blue fuel" decreased by 3%per day. Earlier, Focus said that from January 1, 2023, the cooperation with Gazprom was stopped by the Italian company Edison. The reason: a full -scale invasion of the Russian Federation in Ukraine.

Before that, according to Bloomberg, 40% of all the gas consumed (29 billion cubic meters from 76 billion cubic meters) was bought from Russian Gazprom. We will also remind that in September 2022 Naftogaz of Ukraine initiated a new arbitration with the Russian gas monopolist "Gazprom". Thus, Naftogaz demanded money from Gazprom for the service provided for the organization of natural gas transportation by Ukraine, since the Russian company did not pay the money on time and in full.