Slovakia estimates financial losses in case of EU abandonment of Russian gas

Slovakia will face significant financial costs after the decision of the European Union (EU) to stop importing Russian gas. This was announced by the representative of the energy operator SPP Ondrej Shebesta.

"Stopping imports may require higher additional costs, which will be borne not only by Slovak customers. These increased costs can reach hundreds of millions of euros in Slovakia alone, mainly due to the higher costs of providing transmission capacity, as well as depending on the rising price of the product itself due to the exclusion of one important energy source from the EU energy mix," he said in an interview with Pravda newspaper.

So much for gas: Europe increases purchases of Russian LNG

Supplies via Turkish pipelines have already exceeded their design capacity.

On the same day, SPP announced that due to the refusal of EU countries to supply Russian gas fuel, Europe may become dependent on liquefied natural gas (LNG). SPP stressed that this approach increases the risks associated with both price instability and possible restrictions on supply volumes, as the LNG market is focused on those buyers who are willing to offer a higher price.

On June 17, the EU launched the first stage of the ban on the import of Russian pipeline gas as part of the phase-out of energy resources of the Russian Federation. The relevant regulation was finally approved by the EU Council in January 2026. It provides for the EU to completely abandon the consumption of Russian gas by the end of 2027.