EGF Gazprom Monitor, Issue 53, October 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: Good news and bad news for Gazprom: sales volumes rising but prices falling in 2015-16; European Commission and Gazprom continue on their dual-track approach to resolving the antimonopoly case; Stalemate over Gazprom"s use of the OPAL pipeline; EU Commissioner for Climate Action and Energy, Miguel Arias Cañete, warns against Nord Stream-II at European Parliament plenary session
  • Nord Stream: Gazprom CEO suggests that Nord Stream-II gas could be delivered to south-eastern Europe; Nord Stream-II to enter Baltic Sea at Ust-Luga, not Vyborg; Nord Stream reaches milestone 100 bcm of deliveries, but continues to operate below capacity
  • Turkish Stream: Turkish Botaş initiates gas price arbitration against Gazprom as Russia-Turkey relations come under strain
  • Ukraine: Naftogaz prepays and resumes imports from Gazprom, without formally signing the 'Winter Package' agreement
  • Asia: Gazprom launches construction of Amur gas processing plant (GPP) as part of the Power of Siberia project; Gazprom hosts working meetings with Mitsui and Mitsubishi to discuss Sakhalin-II LNG terminal expansion; Gazprom Marketing and Trading Singapore (GM&TS) signs 10-year LNG sale-and-purchase agreement with Singaporean state-owned Pavilion Gas for exports to the Asia-Pacific region
  • Other: Gazprom launches construction of second line of Ukhta-Torzhok pipeline
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