EGF Gazprom Monitor, Issue 116, January 2021

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A Snapshot of Key Developments in the External Relations of the Russian Gas Sector

By Dr Jack Sharples, EGF Associate Researcher on the External Dimensions of Russian Gas and Research Fellow on the Natural Gas Research Programme, Oxford Institute for Energy Studies

Key points:

  • Europe: Gazprom CEO announces European export results for 2020 — 10% year-on-year decline
  • Nord Stream 2: US sanctions pass into law as Congress overrides Presidential veto; Zurich Insurance steps away from Nord Stream 2; Fortuna vessel resumes pipe-laying in Danish waters
  • Turkey and the Southern Corridor: Serbia receives first gas supplies from Turkish Stream; Bulgaria and Serbia continue to develop their non-Russian gas supply options
  • Asia: Gazprom reports progress on pipeline connecting gas fields as part of Power of Siberia project; Gazprom registers subsidiary in Mongolia for potential Power of Siberia 2 pipeline
  • Other: Gazprom extends gas supply and transit contracts with Belarus and Moldova
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