Slovakia is positioned to avoid a gas shortage should Ukraine halt the transit of Russian gas supplies through its territory, according to a statement from the country’s Economy Ministry. However, the nation will face an additional financial burden, estimated at 177 million euros (approximately $183.96 million), as it seeks alternative routes to secure its energy needs.
The anticipated expiration of the transit agreement between Ukraine and Russia at midnight on Tuesday is significant, as it will also lead to the cessation of gas flows to Slovakia. Despite this challenge, the Slovak Economy Ministry has assured that the country has sufficient gas storage capabilities and alternative supply options to meet its demands through at least 2025. This ongoing reliance on long-term contracts with Russia’s Gazprom underscores Slovakia’s commitment to energy security even amid increasing geopolitical tensions.
