The EGF Gazprom Monitor monthly bulletin was launched in November 2011 to provide a snapshot of key developments in the Russian Gas Sector with the focus on the major state run market player, Gazprom. Geopolitical patterns of the Russian gas giant's activities are reviewed and analyzed, with insider knowledge and coverage of issues ranging from political motivations to the latest cross-border transit volumes.

Given the complexities and present-day dynamics of the Eurasian gas markets, we at the European Geopolitical Forum felt it necessary to provide, in addition to the monthly Gazprom Monitor reports, a high-level yearly summary. We feel the additional perspective and analysis made possible through this extended format will be invaluable for policymakers, business leaders, and other interested stakeholders. As with our monthly Gazprom Monitor, this Annual Review will focus on Gazprom's external activities, with particular reference to the EU gas market, the Nord Stream and South Stream export pipelines, Gazprom's relations with Naftogaz Ukraine in the context of Russia-Ukraine relations, and the competition Gazprom faces regarding Russia's LNG exports. We also provide analysis on the "eastern dimension" of Gazprom's business.