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Gazprom 2025 plan assumes no more transit via Ukraine to Europe, source says

  • Gazprom's internal planning for 2025 assumes no natural gas transit to Europe via Ukraine starting January 1, according to a source familiar with the plans.
  • Ukraine will not extend the current gas transit deal, which ends on December 31, 2024, despite Moscow's willingness to negotiate.
  • Russian gas exports to Europe and Turkey are expected to decline by one fifth next year, dropping to just below 39 billion cubic meters due to the expiring transit deal.
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