Oxford Energy Podcast – Russia-Ukraine transit talks: the risks to gas in Europe
Trilateral talks between the EU, Russia and Ukraine on gas transit through Ukraine after the expiry of the current transit contract on 1st January 2020 are due to resume in late May. Gazprom’s transit diversification projects, Nord Stream 2 and Turkish Stream, will not be operating at full capacity by that time and arrangements must be made. But there is little sign of progress in the talks to date and political factors, including changes in leadership in Ukraine and Europe, could prevent a deal being done. Companies and governments are assessing the risk of a supply interruption. Should one occur, it could have a lasting negative impact on the position of gas in Europe.