EU, Turkey, Ukraine gear up for potential Russian transit changes

Ukraine has been the main transport corridor for Russian gas to Europe and Turkey for five decades. However, with the expiry of its transit contract at the end of this year and the rerouting of gas to the newly commissioned Nord Stream2 and TurkStream, could consumers experience supply curtailments this winter?

ICIS market reporters examined the backup measures that are being put in place in all Russia-reliant markets and found an altogether different picture from ten years ago when political tensions between Ukraine and Russia led to widespread disruptions and price spikes.

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