Russian gas flow to Europe ends

January 2, 2025 - Russian gas has stopped flowing to EU states via Ukraine after a five-year deal expired, marking the end of a decades-long arrangement. Slovakia, which is dependent on the supply, has threatened to cut off Ukraine’s electricity.

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Like Ukraine, Slovakia benefited from transit fees to carry the gas across their territory. Russian gas will continue to flow into Europe, albeit at a greatly reduced capacity, via the Turkstream pipeline which runs across the Black Sea and via Turkey into Europe. Turkstream has a capacity of just 15.75 billion cubic metres whilst the Ukrainian pipelines had a capacity of 140bcm, although just 14bcm transited via Ukraine in the last year. Another 17-18bcm comes in the form of Liquefied Natural Gas (LNG).

Other major importers of Russian gas include Austria and Czechia, which both say they have diversified their gas supplies, Hungary which will continue to import Russian gas via Turkstream, and Moldova, which has already had its gas restricted due to an alleged debt of $709 million to Gazprom. Around 300,000 people in the Russia-backed breakaway region of Transnistria are now without power.