Russia's last gas flows to Central Europe

CGTN Europe

Energy analyst Ana Subasic says efforts by Slovakia and Hungary to negotiate a new transit deal do not look likely to have been successful.  Read more : https://tinyurl.com/ms2eazpe   #Russia  #Gas #Ukraine

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00:00Austria's Baumgarten terminal is ready to receive its last gas flows from Russia.

00:06Despite previous transit stop announcements by Ukraine, Kiev has so far never implemented

00:11them.

00:12But experts say this time is different.

00:15Starting January 1st, 2025, it's our understanding that eventually the Russian gas that's coming

00:21to Europe is going to stop completely.

00:24Energy analyst Anna Subasic says efforts by Slovakia and Hungary to negotiate a new transit

00:29deal have likely not been successful.

00:31She's expecting central and eastern Europe to make the shift from Russian gas to liquefied

00:37natural gas coming from northwestern Europe instead.

00:40Europe will rely on a lot more LNG to kind of fill for this kind of loss that we are

00:46seeing from pipeline gas, which is around 15 BCM on a yearly basis.

00:53Gas flow through Ukraine accounts for around half of Moscow's pipeline exports to Europe.

00:58So after decades of cheap Russian gas, consumers in central Europe now fear LNG imports will

01:05increase energy prices.

01:08At the beginning of December, Austria unilaterally cancelled its gas contract with Moscow after

01:13Russia's state-owned Gazprom had refused to supply gas to Austria's OMV company over

01:18payment disputes.

01:20Gazprom lost one of its few remaining long-term pipeline gas buyers in Europe.

01:25For 50 years, Austria sourced an average 80 percent of its gas supply from Russia.

01:30Johannes Blechberger, CGTN, Villach in Austria.

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