Escalating tensions between Russia and Ukraine
Russian supplies to Europe via Ukraine may be heading for an interruption next year
The odds of Europe experiencing a gas supply crisis similar to the one that occurred in 2009—when Russian gas stopped flowing through Ukraine in the depths of winter—have risen sharply in recent months. Even a decade on, memories of that supply disruption remain fresh. The contract that governs transit of Russian gas through Ukraine expires on 31 December and it is looking increasingly unlikely that talks to agree a successor will bear fruit. Without such a contract in place, Russian deliveries to Europe will almost certainly stop on 1 January. The seriousness with which some stakeholders regard this prospect is evident in their preparations for it. Hungary, for example, has decided to buy a
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
