Gazprom shifts European supply route to Turkish stream
Gazprom plans to double its gas supplies to Slovakia via the Turkish Stream beginning in April. This decision follows the end of the transit agreement with Ukraine. Slovakia and the EU will experience the financial repercussions of this shift, as reported by the Russian newspaper "Kommersant."
Gazprom, the Russian energy giant, has announced a significant increase in gas supplies to Slovakia via the Turkish Stream. This information was conveyed by the CEO of SPP, Vojtech Ferencz, according to "Kommersant."
As of the 1st of February, Gazprom resumed supplies to SPP, and it plans to double them from April. The contract between SPP and Gazprom is valid until 2034.
Until now, Slovakia received gas from Russia via Ukraine, but the transit agreement expired on the 1st of January 2025.
The Prime Minister of Slovakia, Robert Fico, emphasised that the country will incur a loss of about 1 billion euros (around £863 billion) due to higher gas prices. The entire European Union is expected to pay approximately 70 billion euros (around £58 billion) due to the discontinuation of transit via Ukraine.
The only route to Europe
The Turkish Stream is currently the sole route for gas supplies from Russia to Europe. Its capacity is 15.75 billion m³ annually.
In February, supplies through this pipeline reached a record level, exceeding 390 million m³ per week. This pipeline has become a key element of Russia’s energy strategy in the region.
