EGF Gazprom Monitor, Issue 33, February 2014

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 and Lecturer in Energy Politics at the European University of St Petersburg

Key points:

• The calm before the storm: Gazprom fails to assuage EU concerns over pricing as EU continues preparing statement of objections in antitrust investigation
• Gazprom set to extend contract with Greece
• Gazprom agrees to withdraw from management of Amber Grid, and offers Lithuania lower gas price
• Russian loan to Ukraine strongly tied to Naftogaz"s debt to Gazprom
• Nord Stream AG completes feasibility study for expansion, with UK as target market
• South Stream consortium signs pipe supply contract for offshore section as Gazprom presses ahead with the project, despite uncertainties
• Gazprom and Shell sign roadmap for third LNG train at Sakhalin-II
• Gazprom HQ could relocate from Moscow to St. Petersburg by 2015