Within a few hours, Ukraine’s long-running transit agreement is set to expire but (at the time of writing) we are still none the wiser whether it will continue beyond 1 January 2025 or not.
It sounds like Gazprom’s 9M loss of $3B is due to them selling gas to domestic customers at below production costs. Is that the case? If so, can you give us an idea of the subsidies involved?
It sounds like Gazprom’s 9M loss of $3B is due to them selling gas to domestic customers at below production costs. Is that the case? If so, can you give us an idea of the subsidies involved?