EGF Gazprom Monitor, Issue 27, August 2013

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:

• Russia warns EU over anti-monopoly investigation; OMV enters into price-revision talks with Gazprom and Statoil; Gazprom and GDF Suez agree to revise their gas contract; Gazprom"s European exports rise 9.6 percent y-o-y in H1 2013, but net profits fall 35 percent; Gazprom cancels calls for bids to prepare project documentation for the Shtokman project; Gazprom subsidiary to enter the Italian fuel market as Gazprom plans an expansion of its own natural gas vehicle (NGV) market
• Ukraine reduces its imports of Russian gas in favour of supplies from Europe
• Russian Stroytransgas to build the overland sections of South Stream in the Balkans
• No new developments in Gazprom-CNPC negotiations, but Putin"s meeting with the Chinese President, Xi Jinping, at the G20 Summit could add fresh impetus
• Gazprom wins auction for Moscow power generation utility, MOEK