# Russian gas flows via Ukraine for last days as transit deal crumbles

> Russian gas flows through Ukraine are set to end as the transit deal expires on January 1. Russian, Ukrainian and European officials have ruled out a new deal to keep about 530 Bcf flowing. The flows currently supply about 5% of Europe's gas demand.

- Date: 2024-12-30 · published 2024-12-30T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/27148-russian-gas-flows-via-ukraine-for-last-days-as-transit-deal-crumbles
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Loss of the Ukraine transit route removes a supply source for Europe, pushing gas prices higher and raising nitrogen fertilizer production costs. The change also increases reliance on LNG.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | -0.5% | +0.2% |
| NATGAS | 2022-01-31 | [Grain exports likely disrupted in a Russian, Ukraine conflict, analyst says](https://feedsoft.ai/events/14517-grain-exports-likely-disrupted-in-a-russian-ukraine-conflict-analyst-says.md) | -3.8% | -13.8% |
| NATGAS | 2022-02-24 | [European gas prices soar and oil tops $105 after Russia attacks Ukraine](https://feedsoft.ai/events/42882-european-gas-prices-soar-and-oil-tops-105-after-russia-attacks-ukraine.md) | +2.2% | +13.9% |
| NATGAS | 2022-05-25 | [LNG prices to stay elevated as Russia-Ukraine war bites: Woodside CEO \| S&P Global](https://feedsoft.ai/events/41575-lng-prices-to-stay-elevated-as-russia-ukraine-war-bites-woodside-ceo-s-and-p.md) | -2.8% | -27.7% |
| NATGAS | 2024-11-23 | [Europe energy crisis: natural gas prices jump as Russia cut looms \| Fortune](https://feedsoft.ai/events/27595-europe-energy-crisis-natural-gas-prices-jump-as-russia-cut-looms-fortune.md) | +14.0% | +18.4% |
| UREA | 2022-03-11 | [Doors Open for OCP as Ukraine Crisis Pauses Russian Fertilizer Exports](https://feedsoft.ai/events/42578-doors-open-for-ocp-as-ukraine-crisis-pauses-russian-fertilizer-exports.md) | -0.6% | -1.2% |
| UREA | 2022-03-26 | [Fertiliser companies dig in for hard times amid Russia-Ukraine war](https://feedsoft.ai/events/42573-fertiliser-companies-dig-in-for-hard-times-amid-russia-ukraine-war.md) | +8.1% | -4.2% |
| UREA | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | +26.3% | +29.3% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/russian-gas-flows-via-ukraine-last-days-transit-deal-crumbles-2024-12-30/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.