EGF Gazprom Monitor, Issue 133, June 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:

  • Main story: Gas flows via Nord Stream reduced due to reduction in compressor capacity: What is the Portovaya compressor station? Why did the capacity of Portovaya fall in June? What is the near-term outlook for Portovaya?
  • Europe: Gazprom customers report receiving lower volumes than requested; German government supports up ex-Gazprom subsidiary with EUR 10bn loan
  • Ukraine: Gazprom continues to use only part of its pre-booked Ukrainian transit capacity, despite reduction in capacity via Nord Stream
  • Other: Turkish Stream annual maintenance completed
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