Kiev negotiates a winter package with Russia and EC
Ongoing negotiations between Ukraine, Russia and the EC about a new winter package are nothing like last year
But with very little gas in store as winter nears, Kiev needs to agree terms. After last year’s war of statements and hints about problems with gas transit in winter, Kiev and Moscow are now corresponding mostly on the question of price. Sometimes they even praise their opponent for taking a constructive approach, making a refreshing change. The price of winter supplies remains the stumbling point though. According to energy minister Vladimir Demchishin, Kiev’s position is the same – Naftogaz is ready to pay “European market price” minus $32/’000cm – the cost of transiting Russian gas through Ukraine. The price of Russian supplies for the fourth quarter, in accordance with the contract of 20
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






