Europe: Gas prices hit...

Following the August 15 meeting between Donald Trump and Vladimir Putin, and Trump’s...

Region: Electricity prices drop...

In Week 34 of 2025, electricity market prices declined across most South East...

Romania: End of price...

Electricity bills for July and part of August 2025 in Romania are significantly...

Bosnia and Herzegovina sees...

According to the Agency for Statistics of Bosnia and Herzegovina (BiH), gross electricity...
Supported byClarion Energy
HomeSEE Energy NewsEurope prepared for...

Europe prepared for impact of Russia halting gas exports via Ukraine

The European Commission (EC) has played down the impact of Russia halting gas exports to Europe via Ukraine on January 1st, stating that the move was anticipated and that Europe’s gas infrastructure is flexible enough to compensate for the loss of Russian gas through alternative routes. Since 2022, Europe has reinforced its gas infrastructure with new LNG (liquefied natural gas) import capacities, making the continent less reliant on Russian gas. Remaining European buyers of Russian gas, including Slovakia and Austria, have secured alternative supplies to maintain their energy needs.

Austria has confirmed that it is prepared for the end of the gas transit contract between Russia and Ukraine, sourcing its gas from Germany, Italy, and storage facilities. Slovakia, on the other hand, expressed significant concern over the impact of the disruption, particularly the economic toll. Slovak Prime Minister Robert Fico warned that the halt in gas transit would lead to lost transit revenues and higher import costs for Slovakia. He also predicted that the disruption would increase gas and electricity prices across Europe. Slovak gas importer SPP stated that sourcing gas from non-Russian suppliers in 2025 would incur an additional cost of about 90 million euros, mostly due to higher transit fees. However, SPP assured that it had prepared for the situation and would continue supplying its customers via alternative routes, primarily through pipelines from Germany and Hungary.

Gas transit through Ukraine previously accounted for around half of Russia’s total pipeline gas exports to Europe. Despite the halt via Ukraine, Russia continues to supply gas to Europe via the TurkStream pipeline, which runs under the Black Sea. TurkStream has two lines: one for Turkey and the other for central European countries, including Hungary and Serbia.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Gas prices hit 2025 low amid high storage levels and strong LNG supply

Following the August 15 meeting between Donald Trump and Vladimir Putin, and Trump’s subsequent conversation with Ukrainian President Volodymyr Zelenskyy, European gas prices fell to a new low for 2025 as markets anticipated a possible easing of geopolitical tensions....

Region: Electricity prices drop across most of SEE in late August 2025 as demand and renewable output decline

In Week 34 of 2025, electricity market prices declined across most South East European (SEE) countries compared to Week 30 (21–27 July 2025), with all markets moving to weekly average prices below €100/MWh except for Italy, which recorded the...

Slovenia: Wind Energy Association calls for balanced policy consultation

The Slovenian Wind Energy Association (GIZ) has expressed concern that recent political debates on wind energy are being shaped by what it views as an unbalanced event. The association says conclusions from a June consultation in the National Council—attended...
Supported byVirtu Energy
error: Content is protected !!