EGF Gazprom Monitor, Issue 129, February 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:  Surge in European gas prices as Russia invades Ukraine
  • Nord Stream 2: Nord Stream 2 project frozen indefinitely as the certification process is halted
  • Ukraine: Russian gas deliveries to Europe continue despite the invasion — cancellation of Nord Stream 2 could influence negotiations over Ukrainian transit post-2024
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