Europe Faces Gas Supply Uncertainty as Russian Transit Deal Nears End
With the EU's reliance on Russian gas dwindling, Azerbaijan emerges as a potential alternative supplier amid geopolitical tensions.
- The current EU-Russia gas transit agreement via Ukraine is set to expire at the end of the year.
- Azerbaijan is negotiating to expand its gas exports to three additional European countries.
- Countries like Austria, Slovakia, and Hungary are heavily dependent on Russian gas and face significant supply challenges.
- Ukraine and Russia have temporarily agreed to keep gas flowing through Sudzha, a key transit point.
- European officials are exploring alternatives to Russian gas, including increased imports of liquefied natural gas (LNG) from the US.
Financial Post 
The Economist 