Putin claims Gazprom will withstand end of gas transit through Ukraine
The contract for Russian gas transit through Ukraine will not be renewed, but Russian energy giant Gazprom will manage to endure the change, according to Kremlin ruler Vladimir Putin.
Source: Putin at the annual end-of-year press conference
Details: "There will no longer be this contract [for gas transit through Ukraine – ed.]. That much is clear. We will get through it, and Gazprom will get through it as well," he said.
Commenting on Western sanctions impacting gas production in the Arctic, Putin acknowledged that they pose challenges and harm Russia. However, he claimed that liquefied natural gas (LNG) production is continuing to grow despite these obstacles.
At the same time, the Arctic LNG-2 gas terminal in Russia, which is subject to sanctions, suspended the process of liquefying natural gas in October 2024 due to Western sanctions.
Bloomberg reported in November that Arctic LNG-2 had scaled back gas field production to nearly zero.
Previously:
- Russian gas monopoly Gazprom, in its internal plans for 2025, anticipates that gas transit to Europe through Ukraine will cease after 31 December 2024.
- Slovakia will hold a series of negotiations to secure Russian gas supplies after the current transit contract through Ukraine expires.
- SPP, Slovakia's largest energy supplier, has issued a declaration of support for gas transit through Ukraine.
- On Thursday, Slovak Prime Minister Robert Fico will meet with European Commission President Ursula von der Leyen to discuss the possibility of continuing gas supplies through Ukraine.
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