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Europe prepares for no deal on Ukraine transit

An agreement between Ukraine and Gazprom on gas transit is not likely to be signed before December 2019, causing price spikes and potential disruptions in Europe An agreement between Ukraine and Gazprom on gas transit is not likely to be signed before December 2019, causing price spikes and potential disruptions in Europe.
By Silvia Favasuli 16 May 2019 Europe & Russia / Supply & Demand 0 34221
Offshore construction work on Nord Stream 2. (Gazprom)

The key issue: An agreement on the renewal of the gas transit contract between Ukraine and Russia’s Gazprom is not likely to be signed before the end of the year, delegates at the Flame conference in Amsterdam heard on Tuesday.

Interfax analysis: The lack of clarity on when and if the gas transit contract between Ukraine and Russia will be renewed risks causing price spikes and supply disruptions on the European market in early 2020.  

The difficult relationship between Ukraine and Gazprom means an agreement...