Glimmers of promise in Ukrainian gas, for now
Don't expect a new Gazprom-Naftogaz crisis out this year. At least that's the message from Kiev
So confident is Ukraine with its gas balance that it will not be buying Russian gas, even at Gazprom's discounted price of $212 per 1,000 cubic metres (/000), Arseniy Yatsenyuk, the country's prime minister, said on 10 January. Instead, it will buy Russian gas more cheaply - at about $200/000 cm - through pipelines from Europe. The country's natural gas stocks of 14bn cm are 2.3bn cm higher than a year ago, providing a decent cushion. Ukraine's gas sector does indeed look stronger and better prepared this year. Alongside its burgeoning stocks and cheaper gas from reversed European supply, a rise in domestic household tariffs is helping state firm Naftogaz minimise its losses. Most important
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
