EGF Gazprom Monitor, Issue 52, September 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 submits response to EU antitrust "statement of objections", one week after submitting its own proposals in the hope of an out-of-court settlement; Gazprom and Wintershall complete their asset swap; Gazprom and OMV sign preliminary agreement on asset-swap
  • Nord Stream: OMV Gazprom signs shareholder agreement with Wintershall, E.ON, ENGIE, OMV and Shell for Nord Stream II
  • Turkish Stream: Gazprom proposes reduction of Turkish Stream project to two lines with 32 bcm capacity, with negotiations on hold until after Turkish elections on 1st of November
  • Ukraine: Uncertainty reigns for Gazprom and Naftogaz as winter approaches
  • Asia: Gazprom continues to promote the expansion of the Sakhalin-II LNG export terminal; US sanctions against the Yuzhno-Kirinskoye gas field — clarification; The significance of US sanctions against the Yuzhno-Kirinskoye gas field; Power of Siberia Eastern Route: back to square one?; Gazprom hopes to sign deal on "Western Route" of Power of Siberia in 2016
  • Other: Gazprom Export holds its first auction for gas exports, marking the beginning of "spot price" pipeline exports
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