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EU emergency energy policy in response to gas halt by March 31, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the European Union or EU member states
Story
Slovak PM Warns of Severe EU Impact, 30 Times Greater Than Russia's, from Halt in Gas Transit on January 1, 2025
Jan 1, 2025, 09:52 AM
Slovak Prime Minister Robert Fico has warned that the cessation of Russian gas transit through Ukraine will have severe, dramatic, and drastic consequences for the European Union, while Russia will remain unaffected. Fico stated that the impact on the EU would be approximately 30 times greater than any losses incurred by Russia. The halt in gas transit occurred on January 1, 2025, following the expiration of the transit agreement between Gazprom and Naftogaz of Ukraine, with Ukraine refusing to extend the deal. Gazprom has cited a lack of 'technical and legal ability' to continue supplying gas due to this refusal.
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Similar markets
Yes • 50%
No • 50%
Implement alternative gas routes • 25%
Increase renewable energy investments • 25%
Negotiate with Russia for new terms • 25%
Other • 25%
No change • 25%
Minor price increase • 25%
Price decrease • 25%
Significant price increase • 25%
No significant action • 25%
Increase emergency gas reserves • 25%
Implement new energy policies • 25%
Strengthen ties with alternative suppliers • 25%
LNG imports • 25%
Norwegian gas • 25%
North African gas • 25%
Domestic production • 25%
No significant action • 25%
Impose sanctions on Ukraine • 25%
Increase LNG imports • 25%
Negotiate a new transit deal • 25%
Diversify away from US • 25%
Maintain current levels • 25%
Seek alternative energy sources • 25%
Increase US imports • 25%
Other • 25%
Slovakia • 25%
Germany • 25%
Italy • 25%
United States • 25%
Norway • 25%
Qatar • 25%
Other • 25%
Sanctions against Ukraine • 25%
EU mediation efforts • 25%
Sanctions against Slovakia • 25%
No action taken • 25%
Increased renewable energy • 25%
Coal • 25%
Other • 25%
LNG imports • 25%