EL7.AI
CommoditiesMedium•2 November 2026•
1 min read

U.S. Proposes Plan to Restore Russian Gas Flows to Europe via Ukraine

Key Facts

1The United States discussed with Russia the possibility of restoring natural gas flows to Europe via pipelines running through Ukraine.
2President Trump’s envoys Jared Kushner and Steve Witkoff floated the idea during trips to Moscow and Kyiv in September.
3The proposal involves selling Russian gas through a U.S. intermediary, though it faces significant legal obstacles under EU regulations.

The United States discussed with Russia the possibility of restoring natural gas flows to Europe via pipelines running through Ukraine. According to the Wall Street Journal, President Donald Trump’s envoys Jared Kushner and Steve Witkoff floated the idea during trips to Moscow and Kyiv in September. The proposal involves selling Russian gas through a U.S. intermediary, though it faces significant legal obstacles under European Union regulations.

The diplomatic push comes as EU gas storage sits at lower than usual levels, with Germany's storage at 61% as of November 1, 2026, against an 80% target. A report from oilprice.com indicated that restoring transit could provide badly needed revenue for the Ukrainian government and lower gas prices for European consumers following the suspension of transit after the Gazprom and Naftogaz deal expired.

Market participants will monitor the geopolitical implications of this proposal alongside the U.S. Midterm Elections scheduled for November 3, 2026, which may influence the administration's energy policy trajectory.