EGF Gazprom Monitor, Issue 50, July 2015

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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

  • Gazprom and the EU: Stockholm Arbitration Institute completes oral hearing in Gazprom-Lithuania case; Polish state-owned PGNiG gains controlling stake in EuroPolGaz, operator of the Yamal-Europe pipeline in Poland, leaving Gazprom with minority stake; Greek Energy minister announces €2bn pipe dream project with Russia
  • Nord Stream: Gazprom courts BASF and ENGIE (formerly GDF Suez) for Nord Stream II
  • Turkish Stream: the Turkish government grants permission for Gazprom to conduct engineering surveys in its territorial waters and exclusive economic zone, but Gazprom and Botaş yet to reach agreement on gas price discount; Russia and Greece sign Memorandum on extension to Turkish Stream in Greece
  • Ukraine: Naftogaz maintains suspension of gas imports from Russia; Gazprom softens its tone on gas transit via Ukraine after 2019; Gazprom remains locked in transit contracts with Slovakia and Bulgaria, regardless of its transit contract with Naftogaz
  • Belarus: Gazprom to invest $2-2.5bn in Belarusian gas infrastructure by 2020; Gas transit via Belarus reached 11.1 bcm in Q1 2015 — exactly the same as in Q1 2014
  • Asia: Gazprom turns to South Korean expertise for floating LNG terminal in Kaliningrad, and continues to promote its planned Baltic LNG terminal as a source of small-scale deliveries to Kaliningrad
  • Other: Turkmenistan Oil and Gas Ministry criticises Gazprom for accruing debts for Turkmen gas in 2015; Gazprom"s gas production in H1 2015 falls 13 percent year-on-year

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