NewsSlovakia secures gas supply despite Ukraine transit halt

Slovakia secures gas supply despite Ukraine transit halt

Slovak Prime Minister Robert Fico assures that Russia will supply gas according to the agreement despite transit issues through Ukraine. Slovakia has full storage facilities and alternative supply routes.

Robert Fico
Robert Fico
Images source: © Getty Images | Thierry Monasse

Slovak Prime Minister Robert Fico has announced that Russia will continue to supply Slovakia with natural gas as per their agreement despite the issues with transit through Ukraine. According to "Hospodářské noviny," Slovakia's gas storage facilities are fully stocked, and the country has alternative supply routes to protect against potential disruptions.

Slovakia is facing significant challenges related to gas transit following the stoppage of flow through Ukraine. Prime Minister Fico argues that Ukraine's decision to cease the gas flow impacts the European Union more than Russia. Fortunately, Slovakia's storage facilities are full, giving the country time to adapt to these changes. Fico is also working on maintaining gas transit by negotiating possible alternatives.

Fico accounts for losses

Fico emphasized that Slovakia could lose 500 million euros from transit fees, and Europe could lack 13.5 billion cubic meters of gas. This situation could increase gas prices, which are already five times higher than in the United States, threatening the EU's competitiveness. Gazprom explained that Russia's threats regarding the halt of gas flow through Ukraine were necessary because Ukraine did not renew the transit contract.

Prime Minister Fico and Economy Minister Denisa Saková have discussed gas transit issues with EU Commissioner Dan Jörgensen. A dedicated task force at the EU level has been established to pressure Ukraine to resume transit. However, Ukraine does not intend to participate in the group's work. Ukraine chose not to renew the transit agreement to limit Russian revenues that could support the armed conflict.

Slovakia has alternatives

Slovakia has alternative sources and routes for gas supply, such as a pipeline from Germany through Austria or from southern countries via the Southern Corridor. Fico's policy aims to secure national interests in light of the changing geopolitical landscape, rising tensions with Ukraine, and challenges related to EU energy security.

The Slovak government is also reluctant to accept gas from the Czech Republic despite its sufficient reserves and willingness to supply. Economy Minister Denisa Saková warns of potential bottlenecks.

The Czech Ministry of Industry has stated its readiness to ensure long-term gas transmission to Slovakia, not just in emergencies.

In a letter addressed to Slovakia, the Czech minister emphasized that halting gas transit through Ukraine could jeopardize the stability of energy supplies in certain countries within the region. The minister assured the Czech Republic is well-prepared for such a scenario due to strategic investments and robust infrastructure. Previous measures enable the Czech Republic to provide Slovakia with adequate natural gas transport and storage capacity.

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