EGF Gazprom Monitor, Issue 135, August 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:

  • Nord Stream capacity reductions partial at first, then "total but temporary" — could the shut-down become permanent? Background — the turbine and sanctions saga; Nord Stream reduced to minimal capacity from 27 July; Nord Stream shut down for 3 days — Could the shut-down become permanent?
  • Europe: Gazprom halts supply to Latvia and ENGIE (France)
  • Ukraine: Russian gas transit flows via Ukraine remain despite concerns
  • Other: Gazprom resumes dividend payments to shareholders, prompting recovery in company share price
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