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
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026






