EGF Gazprom Monitor, Issue 20, Janary 2013

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A Snapshot of Key Developments in the External Relations of the Russian Gas Sector
by Jack Sharples, EGF Associate Researcher on the external dimensions of Russian gas

Key points:

  • Gazprom is under pressure from all sides. European energy companies request further gas price discounts, export volumes fell in 2012 and are expected to remain weak in 2013, PM Medvedev suggests that Gazprom"s export monopoly could be revoked, and Gazprom faces criticism from Europe and the United States over its bid for Greece"s state-owned gas utility, DEPA.
  • Gazprom slaps Naftogaz with a $7bn bill for failing to purchase sufficient amounts of gas in 2012.
  • The Czech section of Nord Steam, Gazelle, is launched as Gazprom CEO, Alexei Miller, declares an expansion of Nord Stream to be "feasible" despite the pipeline operating at well below capacity since its launch
  • Gazprom and the Croatian State-owned energy company, Plinacro, to set up a joint venture in mid-2013 for the construction of a spur from South Stream into Croatia, while Serbia is set to grant South Stream "national status"
  • Gazprom signs an agreement with Novatek to produce LNG on the Yamal Peninsula, with Asia the predicted export destination
  • Gazprom lobbies the Russian government for Shtokman tax breaks as the Russian government considers revoking the Gazprom-Rosneft monopoly on offshore gas and oil production in Russia

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