EGF Gazprom Monitor, Issue 40, September 2014

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A Snapshot of Key Developments in the External Relations of the Russian Gas Sector
By Dr 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:

  • EU antitrust investigation: suspended but not finished
  • Lithuanian government continues with arbitration case against Gazprom
  • Gazprom struggles to meet European gas demand beyond contracted levels as winter approaches
  • European gas prices continue to fall — Gazprom could face revenue shortage
  • Gazprom and Ukraine — new round of trilateral gas talks imminent as winter approaches
  • Gazprom reduces gas supplies to Poland, Slovakia, and Austria — a warning against "reverse flow"?
  • Hungary sides with Gazprom against Ukraine
  • Nord Stream: European Commission delays decision on OPAL pipeline until 31st of October
  • South Stream: EU cannot halt South Stream construction, but threatens action upon completion of the pipeline
  • South Stream: EU puts pressure on Serbia to halt South Stream construction
  • Gazprom could sign second contract for gas deliveries to China, this time via the "Western Route"
  • Gazprom agrees to expand the capacity of Blue Stream pipeline from 16 bcm to 19 bcm per year

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