EGF Gazprom Monitor, Issue 41, October 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:

  • European Commission further postpones ruling on use of OPAL pipeline
  • Gazprom and Wintershall finalise asset-swap, as Gazprom gains control of Europe"s largest underground gas storage facility (UGSF)
  • Lithuania breaks free of Gazprom monopoly with first LNG delivery
  • Gazprom and Naftogaz agree on short-term "winter package" until March 2015 to ensure gas supplies and transit during the upcoming winter
  • Nord Stream: Nord Stream AG deny reports that plans to extend Nord Stream to the UK will be shelved amid tensions between Russia and the EU
  • South Stream: Hungarian MVM shows its support for Gazprom with gas storage deal; MVM also pledges to complete the Hungarian section of South Stream by 2017
  • Gazprom CEO holds talks, discusses funding from Chinese banks and gas supply via the "Western Route"
  • Gazprom refills Serbian gas storage facility to capacity in preparation for winter

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