A ban on Russian gas imports into the EU could lead to higher prices in Slovakia in 2028

A ban on gas imports from Russia to the European Union could lead to higher gas prices for Slovak households and businesses in 2028.

Restricting pipeline gas imports will increase Slovakia's dependence on liquefied natural gas, leading to higher prices.

In 2027, Slovak consumers will be protected from sharp increases in gas prices.

BRATISLAVA, September 29 - RIA Novosti. A ban on gas imports from Russia to the European Union will lead to higher gas prices for Slovak households and businesses in 2028, the Network Industries Regulatory Authority said.

“The department... draws attention to the increased risk of rising gas prices in 2028 as a result of Slovakia’s dependence on the LNG market (liquefied natural gas - ed.),” says a message on the department’s official website.

It notes that “restricting pipeline gas imports will increase Slovakia’s dependence on LNG (liquefied natural gas - ed.), which will likely mean higher prices for Slovak households and businesses.”

“Restricting gas sources (a complete ban on the import of Russian gas into the European Union until November 2027) will obviously mean an increase in market prices for gas, since demand will continue to hold, including taking into account the obligations to fill gas storage facilities under European law,” the department concluded.

The department also assured that in 2027, Slovak consumers will be protected from sharp increases in gas prices.