EGF Gazprom Monitor, Issue 127, December 2021

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:

• Main Story: German warns no Nord Stream 2 decision in H1-2022, prompting renewed surge in European gas prices
• Europe: Factors in the European gas price rally of 2021; All eyes on Gazprom's daily flows and capacity bookings as European market continues bull run
• Belarus: Gazprom and Belarus agree to extend supply contract
• Other: Russian government due to present proposals for 'pilot scheme' by 1 March that would allow Rosneft to export gas, breaking Gazprom's pipeline export monopoly