Tag #Turkstream Pipeline

What are the immediate consequences of Ukraine's refusal to renew the Russian gas transit agreement, and how does it impact global energy dynamics?

The US Assistant Secretary of Energy, Jeffrey Payette, stated that Ukraine is unlikely to resume Russian gas transit, deeming the process irreversible. This marks the end of Europe's energy dependence on Russia. The cessation of Russian gas transit through Ukraine coincides with a reported increase in US LNG production, strengthening the American energy sector.