EGF Gazprom Monitor, Issue 51, August 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: Gazprom-PGNiG gas price talks at "an advanced stage"; Gazprom and Eni pledge to continue close cooperation; Calm before the storm: Gazprom Deputy Chairman meets EU Competition Commissioner, with Gazprom due to reply to EU antimonopoly "Statement of Objections" by the 28th of September
  • Nord Stream: OMV CEO Seele confident of EU approval for Nord Stream II, meets with Gazprom CEO Miller to discuss joint venture for the project
  • Turkish Stream: Stop and go — Russia and Turkey continue trading proposals, but real progress not expected until formation of new Turkish government in November; SE European Foreign Ministers could meet in September to discuss the "Tesla" extension to Turkish Stream
  • Ukraine: EU Commissioner for Energy Union meets with Ukrainian Energy Minister and Naftogaz CEO, and plans meeting with Russian Energy Minister in September ahead of next round of trilateral talks; Gazprom CEO expresses concerns over Naftogaz winter gas storage
  • Belarus: Gazprom begins construction of Gazprom Centre in Minsk, set to be "the tallest building in Belarus"
  • Asia: Shell participation in Sakhalin-III in doubt as US imposes sanctions on the project; Gazprom reports "good dynamics" in ongoing negotiations with PetroChina and CNPC over pipeline deliveries of Russian gas to China, despite concerns over the commercial viability of the projects
  • Other: Gazprom"s annual gas production could reach record low in 2015, as the company also cuts its sales price forecast

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