EU To Beef Up Energy Security As Ukraine Gas Deal Ends

European Union nations on Monday will discuss preparations for the winter with Ukraine having signaled it has no intention to renew a five-year pipeline transit agreement to supply natural gas to EU countries when it expires on December 31, 2024. “Energy affordability remains a pressing concern, with volatile prices driven by geopolitical tensions, supply chain disruptions, and reliance on fossil fuel imports,” Hungary said in a document shared with energy ministers. Whereas natural gas prices have declined sharply from the all-time…