Russia Plans to End Ukraine Gas Transit for New Route After 2019

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Russia is planning to let its natural gas transit contract with Ukraine expire in favor of a route it seeks to build under the Black Sea or supplies to Asia.

Europe should start preparing now to accept fuel through Turkish Stream, once the pipeline is built, or see volumes shifted to Asia, Alexey Miller, the head of state-run gas exporter OAO Gazprom, said Monday at an energy conference in Berlin.