00:00Austria's Baumgarten terminal is ready to receive its last gas flows from Russia.
00:05Despite previous transit stop announcements by Ukraine,
00:08Kiev has so far never implemented them, but experts say this time is different.
00:14Starting January 1st, 2025, it's our understanding that eventually, you know,
00:19the Russian gas that's coming to Europe is going to stop completely.
00:23Energy analyst Anna Subasic says efforts by Slovakia and Hungary to negotiate a new transit deal
00:28have likely not been successful.
00:31She's expecting Central and Eastern Europe to make the shift from Russian gas
00:35to liquefied natural gas coming from Northwestern Europe instead.
00:39Europe will rely on a lot more LNG to kind of
00:43fill for this kind of loss that we are seeing from pipeline gas,
00:47which is around 15 BCM on a yearly basis.
00:52Gas flow through Ukraine accounts for around half of Moscow's pipeline exports to Europe.
00:58So after decades of cheap Russian gas,
01:00consumers in Central Europe now fear LNG imports will increase energy prices.
01:07At the beginning of December, Austria unilaterally cancelled its gas contract with Moscow
01:12after Russia's state-owned Gazprom had refused to supply gas to Austria's OMV company
01:17over payment disputes.
01:19Gazprom lost one of its few remaining long-term pipeline gas buyers in Europe.
01:24For 50 years, Austria sourced an average 80 percent of its gas supply from Russia.
01:29Johannes Blechberger, CGTN, Villach in Austria.
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