Europe to end imports of Russian gas via Ukraine on January 1

FILE - This picture taken on September 2, 2014 shows equipment from the border release and compressor station of the gas pipeline from Ukraine in Ve'ke Kapusany, eastern Slovakia.

European imports of Russian gas via Ukraine are set to cease on New Year’s Day after the collapse of a key transit deal between Moscow and Kyiv. After more than a decade of fraught relations with Moscow, European officials say they are confident that alternative routes will prevent any shortage for consumers.

Russia’s once-dominant gas supply to Europe via Ukraine, which flowed for decades, is set to end on New Year’s Day with the collapse of a contract between the two warring countries that paid out billions to Moscow in gas revenue and to Kyiv in transit fees.

The shutdown of Russia’s oldest gas route to Europe ends a decade of fraught relations sparked by Russia’s seizure of Crimea in 2014.

The European Union redoubled its efforts to reduce its dependence on Russian energy after the outbreak of the war in Ukraine in 2022 by seeking alternative sources.

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Read moreBaltic states end Russian gas imports – but can the rest of Europe follow suit?

Liquefied natural gas (LNG) from Qatar and United States has helped the EU find alternative supply. Piped supply has come from Norway.

(Reuters)


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