Fuel Prices in Europe Surge Amid Looming End to Russian Gas Transit Through Ukraine

https://sputnikglobe.com/20241231/fuel-prices-in-europe-surge-amid-looming-end-to-russian-gas-transit-through-ukraine-1121323180.html

Gas Costs in Europe Surge Amid Looming Finish to Russian Gasoline Transit By means of Ukraine

Gas Costs in Europe Surge Amid Looming Finish to Russian Gasoline Transit By means of Ukraine

Sputnik Worldwide

Gasoline costs in Europe have shot as much as $536 per 1,000 cubic meters throughout ICE buying and selling, the best since November 27, 2023, amid expectations of halted Russian gasoline transit by means of Ukraine beginning January 1. Costs rose by over 4% for the reason that day’s begin.

2024-12-31T16:41+0000

2024-12-31T16:41+0000

2024-12-31T16:42+0000

economic system

europe

vladimir putin

ukraine

russia

gasoline

gasoline costs

gasoline pipeline

gasoline transit

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February futures on the Dutch TTF hub exceeded $536 per 1,000 cubic meters (€50 per MWh). The present transit settlement, permitting the transport of 40 billion cubic meters yearly by means of Ukraine, expires on January 1. Russian President Vladimir Putin confirmed that no new settlement can be signed earlier than the New 12 months, and Kiev introduced plans to halt Russian gasoline transit at 8:00 a.m. Moscow time on January 1.Ukraine said, nonetheless, that it’s open to resuming transit upon the European Fee’s request, offered it’s non-Russian gasoline. Putin steered contracts with third-party suppliers, together with Turkish, Hungarian, Slovak, or Azerbaijani corporations.In the meantime, gasoline transit bids from Russia by means of Ukraine for January 1 have dropped to zero, in response to information from the Ukrainian Gasoline Transmission System Operator. Provides will finish at 8:00 a.m. Moscow time (05:00 GMT) on January 1, in response to a contractual doc on gasoline transit. Ukrainian authorities have repeatedly said they don’t plan to increase the transit settlement.

https://sputnikglobe.com/20241229/major-winners-and-losers-of-halting-russian-gas-transit-through-ukraine-1121300467.html

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europe, gasoline costs, gasoline futures, russian gasoline, russian gasoline transit, russian gasoline transit by means of ukraine

Gasoline costs in Europe have shot as much as $536 per 1,000 cubic meters throughout ICE buying and selling, the best since November 27, 2023, amid expectations of halted Russian gasoline transit by means of Ukraine beginning January 1. Costs rose by over 4% for the reason that day’s begin.