EGF Gazprom Monitor, Issue 38, July 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

Key points:

  • Gazprom and the EU — EU antitrust investigators continue to prepare "statement of objections"; Gazprom excluded from expanded EU sanctions list
  • Nord Stream — Planned capacity auction for OPAL cancelled, as European Commission postpones ruling indefinitely
  • South Stream — Gazprom subsidiary Centrgaz is awarded the construction contract for South Stream in Serbia; Bulgarian government willing to listen to the European Commission over South Stream; European Commission recommends that Serbia halt work on South Stream pending legal clarifications
  • Gazprom and Ukraine — Naftogaz and Ukrainian government announce plan to avoid Russian gas imports until March 2015; Ukrainian government and Naftogaz disagree over reports of reduced gas deliveries from Europe to Ukraine; Gazprom and Naftogaz arbitration cases could be combined
  • Asia-Pacific region — Gazprom continues design process for proposed Vladivostok LNG terminal
  • Elena Burmistrova replaces Alexander Medvedev as Director-General of Gazprom Export

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