EGF Gazprom Monitor, Issue 121, June 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 releases Q1-2021 sales figures; Gazprom"s sales to the EU-27, UK, and Non-EU Balkans; Gazprom sales to Turkey in Q1-2021; Gazprom signs new 15-year contract with Panrusgas to supply gas to Hungary
  • Nord Stream 2: Construction of first line of Nord Stream 2 completed, second line could be finished by August; Nord Stream 2 AG makes formal application to German regulator for certification as a pipeline operator
  • Ukraine: Gazprom books additional firm, but not interruptible, monthly transit capacity via Ukraine for July, as it did for May and June — But chooses not to book additional annual capacity at most recent auction
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