. Russia is ready to continue gas supplies to Europe via Ukraine after the current transit agreement expires at the end of 2024, Russian state news agencies reported on Wednesday, citing Deputy Prime Minister Alexander Novak. Complimentary,Natural Gas  LNG News,Europe,Security of Supply,Political,News By Country,EU,Russia. MOSCOW, July 3 ReutersRussia is ready to continue gas supplies to Europe via Ukraine after the current transit agreement expires at the end of 2024,Russian statenews agenciesreportedon Wednesday, citing Deputy Prime Minister Alexander Novak. Future gas transit depends on whether Ukraine wants to continue the arrangement or not, hewas quoted as saying. Advertisement:. . The National Gas Company of Trinidad and Tobago Limited NGC NGC s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. ngc.co.tt. Afiveyear deal on Russian gas transit via Ukraine to Europe, the only remaining trade and political agreement between warring Moscow and Kyiv, expires after Dec. 31 2024. Russian gas supplies to Europe, once a key source of revenue for Moscow, have plummeted following the Kremlin's decision to send tens of thousands of troops into Ukraine on Feb. 24 2022. "Transit through its territory depends on Ukraine. They have their own established rules. It depends on their desire. Russia is ready to supply," Novak was quoted as saying by the RIA state news agency. Ukraine has said it does not plan to prolong the fiveyear deal with Russian pipeline gas exporting monopoly Gazprom or to sign another one. Last month, an Azeripresidential advisortold Reuters that the European Union and Ukraine had asked Azerbaijan to facilitate discussions with Russia on the gas transit deal. While the EU has cut most of its Russian gas imports, some central European countries still depend on gas from Russia via the pipeline that crosses Ukraine. Austria still receives most of its gas through this route. Russia currently exports its natural gas to Europe via only two routes: through a Sovietbuilt pipeline which runs through Ukraine and via the TurkStream pipeline to Turkey which runs along the bed of the Black Sea. Russia supplied a total of around 63.8 bcm of gas to Europe by various routes in 2022, according to Gazprom data and Reuters calculations. That volume decreased, by 55.6, to 28.3 bcm last year. At their peak in 20182019, annual flows to the European region reached between 175 bcm and 180 bcm. . Reporting by Reuters; Writing by Anastasia Teterevleva and Vladimir Soldatkin Editing by Andrew Osborn. For professionals looking for essential, accurate and reliable content on global gas matters. GGP provides academics, experts and researchers as well as respected stakeholders, the opportunity to present their qualified views on natural gas matters. . For professionals looking for essential, accurate and reliable content on global gas matters. SUBSCRIBE
Russia is prepared to continue gas supplies to Europe through Ukraine after the current transit agreement ends in 2024. Future transit depends on Ukraine's decision. Russian gas exports to Europe have declined, but Russia is still willing to supply.