EU: Ukraine Shuts the Door on Russian Gas \ stacker news ~news

EU: Ukraine Shuts the Door on Russian Gas

601 sats \ 28 comments \ @TomK 28 Aug news

Ukraine has announced that it will not extend its gas transit agreement with Russia beyond 2024. President Zelenskyy confirmed that once the contract expires, it will be history. The shift marks a significant turning point in Eastern Europe's energy landscape, signaling Ukraine's intent to sever ties with Russian energy dependencies. While the current deal with Russia is off the table, Kyiv remains open to considering transit requests from other European partners within the EU framework.

Maybe they should blow up the pipeline to keep things easy and undercomplex.

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57 sats \ 0 replies \ @JesseJames 28 Aug

This is not gonna end well...

57 sats \ 3 replies \ @Catcher 28 Aug

So brace yourself for nice 2025 prices, Germany, right?

22 sats \ 2 replies \ @TomK OP 28 Aug

Yep

47 sats \ 1 reply \ @Catcher 28 Aug

Oh, man, why the F they closed the Nuclear power plants....

1 sat \ 0 replies \ @TomK OP 28 Aug

.... keep the germans down (and the russians out)

35 sats \ 0 replies \ @Golu 28 Aug

Ukraine is not doing anything good by doing such acts! This will only fill more pain to the AS.

48 sats \ 2 replies \ @leonidastouch 28 Aug

Solidarity is practicality? Or am I being gaslighted into you-know-what. What is the benefit of doing this. Hardheadedness is not suppose to go in this direction.

15 sats \ 0 replies \ @TomK OP 28 Aug

Forcing the europeans into the war is the goal

48 sats \ 0 replies \ @guts 28 Aug

At the end is still bad news for Europeans, again.

47 sats \ 1 reply \ @fm 28 Aug

Maybe they should blow up the pipeline to keep things easy and undercomplex.

Another one? 😅😂

0 sats \ 0 replies \ @TomK OP 28 Aug

All of them. Teach the germans a lesson

47 sats \ 7 replies \ @Undisciplined 28 Aug

It's wild to me that they're continuing to abide by this agreement during the war. I'd think one side or the other would have severed ties.

87 sats \ 6 replies \ @Cje95 28 Aug

It has shocked me as well and all I can think is that Germany and the other EU countries that depend on it told them hey we will give you cash and weapons don't destroy anymore than what is destroyed so Ukraine agreed. The contracts ending are going to really hurt Russia because even though Turkey is looking to be the new place Russian gas moves through those pipelines are stupid expensive and take time.

68 sats \ 4 replies \ @Undisciplined 28 Aug

Won't it hurt Europe worse, since they're already so energy poor and Russia can just sell into Asia's ever growing energy demand?

45 sats \ 0 replies \ @TomK OP 28 Aug

I think so, yes

28 sats \ 2 replies \ @Cje95 28 Aug

Ironically Russia only has a single small pipeline to China... They are trying to build out additional facilities but again it take time and money to do this while China loves US LNG

0 sats \ 1 reply \ @Undisciplined 28 Aug

I didn't realize that. Does Russia export any LNG from their Pacific ports?

22 sats \ 0 replies \ @Cje95 28 Aug

Yes it appears they have two facilities one which came online in 2022 but they appear to be pretty small... One exported 10 mil ton of LNG the other under 2 million. In the US the top 5 range from 12.06 mil tons to 29.5 mil tons so they are there but it doesn't seem they are super effective.

Plus ships that carry LNG are super obvious since they are so unique in design so sanctioning those ships would be super easy for the West.

47 sats \ 0 replies \ @Eximpius 28 Aug

LMAO 🤣🤣🤣🤣

47 sats \ 7 replies \ @Coinsreporter 28 Aug

With this year's winter going to be much cooler, this is going to be huge dent on EU economy. Or, maybe Europeans can bear extended winters!

17 sats \ 6 replies \ @TomK OP 28 Aug

No they can't. And the industry really can't pay higher energy prices

47 sats \ 2 replies \ @Cje95 28 Aug

With the huge increase in the amount of LNG worldwide being deployed and Germany in particular having the facilities now to get LNG via ships I wonder how the prices might be this time around. In 2022 they just didn't have the facilities and 2023 was a milder winter if I remember correctly so if the winder is worse Germany has had a ton of time to prepare.

Also, I was reading yesterday that Norway is looking into ramping up their oil and nat gas resource extractions again which would be super beneficial to the EU as well.

0 sats \ 1 reply \ @TomK OP 28 Aug

I don't think they could provide gas with the same quantity and price level like russia did

0 sats \ 0 replies \ @Cje95 28 Aug

At the time they couldnt but now they have the facilities to be able to accept more gas than they could via pipelines and it was cheaper for a while since the Russians had comp. Currently, I am not sure but given how there is competition with the US, Russia, the UAE, and Qatar it should drive the price down.