The potential renewal of the Russia - Ukraine gas transit contract in light of ongoing conflict has implications for energy security in Europe, as Ukraine relies on transit revenue.
It is somewhat surprising but also not surprising given energy scarcity fears that after two-and-a-half years of war, hundreds of thousands of lives tragically lost, and brutal grinding warfare which has also killed many civilians on both sides... that the oldest and biggest economic link between Russia and Europe is still in place the transit of Russia n gas through Ukrainian territory.
Oleksiy Chernyshov, chief executive of Ukraine’s state-run Naftogaz, was quoted in the report as saying it must be remembered that 'Ukraine has incredible infrastructure of transit and storage gas, which should be used, and Ukraine is predisposed to use this infrastructure because it brings a lot of advantages.
Gas Pipeline Energy Security Ukraine Russia European Union Gazprom Naftogaz Hungary
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