Russian energy giant Gazprom announced on Wednesday that it has halted gas supply for transit through Ukraine. The company cited the expiration of key agreements and the lack of renewal by the Ukrainian side as the reason for the stoppage.
Meanwhile, Ukraine reported that the transit of Russian natural gas through its territory was halted as of 7 a.m. local time (0500 GMT) on Wednesday, citing “national security” concerns.
The cessation of gas transit through Ukraine marks a significant development in the ongoing tensions between the two countries. The halt could have implications for energy supplies in the region, especially as winter approaches.
For decades, the transit of Russian gas through Ukraine has been a critical component of Europe’s energy infrastructure. Disruptions in this supply route can have far-reaching effects on gas availability and prices in multiple countries.
It remains to be seen how this situation will affect the energy market and whether alternative arrangements will be made to ensure consistent gas supply.
Reference(s):
Gazprom stops gas transit through Ukraine as agreements expire
cgtn.com
