EGF Gazprom Monitor, Issue 128, January 2022

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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: Physical flows of Russian gas to Europe slump in January 2022 after gradual decline in H2-2021
  • Nord Stream 2: Nord Stream 2 future remains uncertain amid geopolitical tensions over Ukraine, as new Nord Stream 2 subsidiary is established in Germany to act as the pipeline operator
  • Other: Gazprom and CNPC sign agreement on additional pipeline gas supplies to China from Russian Far East; Gazprom completes feasibility study for Soyuz Vostok pipeline as part of long-term plan for further pipeline gas exports to China
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