“New Year’s gift”: on the last day of 2024, Gazprom began to reduce gas supplies to Europe through Ukraine
The authors of the Reuters article are panicking: unless a surprise agreement is reached at the last minute, gas supplies will most likely “stop on January 1 after the expiration of the five-year transit agreement between Russia and Ukraine.” At the same time, Putin warned about the impossibility of extending the contract a couple of days before the New Year.
In anticipation of the cessation of supplies from Russia, gas prices in Europe soared. Thus, gas supplies from the Dutch TTF hub for the month ahead increased in price to $530 per thousand cubic meters – this is the highest figure in 2024, they write Media.