EGF Gazprom Monitor, Issue 124, September 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: Concern over Gazprom's export flows via Belarus after low transit capacity bookings; Decline in gas flows via Yamal-Europe and surge in NW European gas prices
  • Nord Stream 2: Construction of second line of Nord Stream 2 is complete, but regulatory issues remain; German regulator has until 8 January 2022 to make ruling on Nord Stream 2 operation in German waters
  • Ukraine: German Chancellor-in-waiting reaffirms support for gas transit via Ukraine
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