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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI China Daily Summary: Wednesday, December 11
Ukraine Discussing Gas Transit from Azerbaijan to EU: Zelenskiy
Ukraine is discussing the transit of natural gas from Azerbaijan to the EU to maintain its role as a transit country and help EU energy security, President Volodymyr Zelenskiy said cited by Bloomberg.
- The replacement of Russian gas with Azeri supplies is “one of the proposals” currently being discussed, Zelenskiy said.
- European officials are in talks with counterparts in Ukraine on how to keep gas flowing next year after the expiry of the existing Russia transit agreement at year end.
- Some central European countries continue to receive gas supplies through pipelines transiting Ukraine, with around 15bcm a year, mainly to Slovakia and Austria.
- “Alternative steps are being considered now on how we can use the pipeline with another gas supplier, another country. Negotiations are under way,” Zelenskiy said. “We don’t want to extend the gas contract with the Russian Federation. We don’t want them making money here.”
- Azerbaijan has said it wants to boost its gas exports to Europe but hasn’t secured enough long-term deals to invest in further production.
- Unused pipelines could become targets of military attacks or fall into disrepair. Russa has already targeted Ukraine’s gas storage infrastructure this year.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.