EGF Gazprom Monitor, Issue 136, September 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: Nord Stream oil leaks and explosions: Background; Oil leaks shut down the remaining turbines at Portovaya on 2 September; Gas leaks on Nord Stream 1 and Nord Stream 2
  • Europe: Baltic Pipe officially inaugurated; Nord Stream leaks raise concerns over physical security of gas infrastructure in the Baltic region; Gazprom exports first cargo from Portovaya small-scale LNG export terminal, but the fate of Baltic LNG remains unclear
  • Ukraine: Naftogaz Ukraine files for arbitration against Gazprom; Gazprom threatens Naftogaz with Russian government sanctions, implying halt to transit of Russian gas via Ukraine
  • Other: Gazprom and CNPC sign agreements on use of rouble & yuan in payments for gas delivered via Power of Siberia
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