EGF Gazprom Monitor, Issue 34, March 2014

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

Key points:

  • Special report on Ukraine: A tense month dominated by political relations between Russia and Ukraine, and by commercial relations between Gazprom and Naftogaz, as debts and price negotiations leave Naftogaz in a difficult situation
  • EU antimonopoly investigation into Gazprom could be delayed by crisis in EU-Russia relations; Gazprom"s deals in Germany and the UK come under renewed scrutiny in context of current international tensions
  • Nord Stream: EU delays resolution of OPAL exemption
  • South Stream: Uncertainties remain, despite Gazprom"s optimism and the signing of a contract with Saipem for the laying of South Stream"s offshore section
  • Gazprom CEO expects to sign contract with CNPC in May
  • Gazprom plans for access to Crimean gas deposits and a doubling of gas production in the region
  • A month of milestones, as Gazprom celebrates 50m tonnes of LNG exports from Sakhalin-II and 100 bcm of gas exports via Blue Stream

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