A new deal between European buyers and Azerbaijan could cut off Russia's gas exports to the continent.
Ukrainian President Volodymyr Zelensky could be in luck, as a new gas deal between European buyers and Azerbaijan is reportedly underway that would keep Ukraine as part of the transport route but exclude Russia as the supplier.Hungarian and Slovakian companies are working on a commercial agreement with Azerbaijan to create a new deal that will allow natural gas transit to continue on the continent after the current agreement between Russia and Ukraine expires, Bloomberg reported.
Bloomberg reported that the contract would need to include a clause allowing for what is known as a 'swap-agreement' between Moscow and Azerbaijan, as the country between Eastern Europe and West Asia does not have enough export capacity to meet the current supply.The Slovak state-owned buyer SPP said that previous reports of the deal being close to finalizing are incorrect.
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