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Russia has informed Austria that it will halt gas deliveries through Ukraine on Saturday, marking the end of Moscow’s gas supplies to Europe. This development comes as Russia’s oldest gas-export route, dating back to Soviet times, is set to close at the end of this year.
Ukraine’s decision not to extend the transit agreement with Gazprom has led to this suspension of gas deliveries to Austria, the main recipient of gas via Ukraine. As a result, Russia will now only supply significant gas volumes to Hungary and Slovakia. Austria has been preparing for this cut-off, assuring its citizens that no homes will go cold.
OMV, Austria’s largest energy supplier, has been making arrangements to import gas from other countries like Germany, Italy, and the Netherlands. This move comes after a contractual dispute between Gazprom and OMV, leading to the end of gas imports from Russia.
European countries have been adapting to the changing gas supply dynamics, with some finding alternative sources like liquefied natural gas from the United States. Russia’s decision to stop gas supplies to Austria is seen as a geopolitical move, as pressure mounts for a ceasefire in Ukraine.
Despite the challenges, EU Energy Commissioner Kadri Simson reassured that all EU countries receiving gas via Ukraine have access to other supply sources. The European gas benchmark price saw a slight decrease following this announcement.
In conclusion, Russia’s suspension of gas deliveries to Europe via Ukraine is a significant development that could impact energy security and geopolitics in the region. Countries are urged to diversify their energy sources and be prepared for potential disruptions in gas supplies.
