EGF Gazprom Monitor, Issue 137, October 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: European market context: summer price rally ends, but winter is coming; Temporary suspension of transit of Russian gas to Italy via Austria resolved, but flows remain at zero; Czech utility CEZ seeks arbitration with Gazprom and higher LNG imports via new Dutch FSRU at Eemshaven
  • Nord Stream: Investigations begin into Nord Stream explosions
  • Ukraine: Ukraine invites European companies to make use of Ukrainian gas storage facilities
  • Moldova: Moldovan concern over winter pipeline gas supplies from Gazprom
  • Asia: Gazprom supplies to China via Power of Siberia continue to ramp up
  • Other: Gazprom's domestic storage stocks reach record levels as production, domestic demand, and exports all fall year-on-year; Gazprom share price falls as dividend ex-date passes
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