EGF Gazprom Monitor, Issue 119, April 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 Export announces 28% year-on-year increase in exports beyond Former Soviet Union; Gazprom continues to use delivery routes to NW Europe at full capacity
  • Nord Stream 2: Akademik Cherskiy joins pipe-laying activities with 121 km left to be laid
  • Turkey and the Southern Corridor: Strong flows to South-East Europe via Turkish Stream in January-April 2021
  • Ukraine: Gazprom continues to book limited additional transit capacity via Ukraine in May and June
  • Asia:  Power of Siberia 2 — Gazprom approves feasibility analysis for Soyuz Vostok pipeline to China via Mongolia
  • Other: Gazprom Investor Day 2021 key message: Sales to Europe to show flat or modest growth in 2021
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