There is no concern about the security of the EU’s energy supply following the interruption of Russian exports through Ukraine to Europe, while the situation on the gas market remains stable, said the European Commission representative (p. ), responsible for energy issues, Anna Kaiza, during today’s (6.1.225) information to the press. The Commission representative said that the transit agreement for Russian gas expired on 31 December 2024, as expected, and the Commission worked intensively for over a year with the Member States and Ukraine to prepare for this scenario. CORVERSE ‘As regards prices, the market had already taken into account the expiry of the transit agreement. We saw no price increases in the new year. The fundamental market sizes remain stable. Demand remains sluggish by about 18% below the pre-crisis levels,” Anna Kaiza said. However, he noted that, as we enter the coldest months of the year, the Commission, together with the EU Member States, is closely monitoring the situation and prices of natural gas. Anna Kaiza recalled that the ceiling on the wholesale price of natural gas, agreed at EUR 180/ Mwh at the height of the energy crisis in December 2022, will cease to apply on 31 January 2025. However, it did not say whether there would be new negotiations to enter a new framework, following Italy’s request to set a margin of 50 – 60 euros/ Mwh. “Energy Commissioner Dan Jorgensen and the President of the Commission were very clear that addressing high energy prices is one of the priorities of this Commission and there will soon be a presentation of an action plan for affordable energy prices,” Anna Kaiza said. As regards the situation in Slovakia , which is most affected by the interruption of Russian gas transit through Ukraine , the Commission representative stated that the extraordinary gas coordination team meeting last week to consider the consequences of the termination of the agreement, concluded that there are no issues or concerns regarding security of supply for the EU. As regards the consequences of ending Russian gas supplies for Moldova and Transnistria , Anna Kaiza said that the Commission is in regular contact with the Moldovan authorities at technical and political level. He noted that a working group has already been set up to help the country face the ongoing challenges. Exchanges with EU power grid operators have been facilitated to ensure electricity in the country. “At the same time we call on all our Member States to show solidarity with Moldova,” the representative added.
Commission: No concerns about EU gas supply security
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