Gazprom finds it hard to break with Ukraine
An international court ruling over gas supply contracts has done little to resolve differences between Gazprom and Naftogaz
Gazprom is desperate to eliminate the need to use Ukraine's transport network to send gas supply to Europe, but a lack of alternatives means it will probably have to swallow its pride and sign a new deal beyond 2020. Russia's gas export monopoly halted a planned resumption of gas supply to the Ukrainian domestic market in early March, forcing Kiev to take emergency measures to make up for the shortfall and warn that transit flows to Europe were also at risk. Gazprom had planned to restart supplies to its neighbour's domestic market for the first time since 2015, when Ukraine started buying gas from Europe to reduce its energy dependence on Russia. The move came after a Stockholm arbitration
Also in this section
21 March 2025
Two recent developments raise the prospect of a revival in northern Iraqi oil and gas fortunes, but familiar obstacles could thwart momentum
20 March 2025
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
20 March 2025
Tariffs, sanctions and trade conflicts are upending the oil market, impacting crude differentials and shipping rates and creating uncertainty
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
