EGF Gazprom Monitor, Issue 59, April 2016

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 and the European Commission: New round of talks between Gazprom and European Commission to take place after 10th of May
  • Gazprom on the European market: Gazprom releases data on volume and revenues for gas exports to Europe in 2015; Prognosis: Low European gas prices to persist in 2016, possibility of increased exports
  • Gazprom in the Baltic region: Latvijas Gāze requests temporary derogation from Third Party Access provisions in order to secure its relationship with Gazprom
  • Gazprom's European contracts and arbitration: Gazprom and ENGIE reach agreement on contractual gas price revision, terminate arbitration proceedings; Bulgarian Overgas launches arbitration over cessation of Gazprom supplies in January 2016
• Nord Stream: Debates over Nord Stream II continue, and show no sign of abating

• Southern Corridor: Gazprom announces 56bn Rouble (EUR 751m) investment write-off for South Stream; Gazprom settles dispute with six private Turkish energy companies
• Ukraine: Gazprom countersuit in case with Antimonopoly Committee of Ukraine (AMCU) rejected by Kyiv Business Court
• Belarus: Gazprom rejects Belarusian request for reduction in gas price
• Asia: Gazprom complains that the prospect of Russian LNG exports are disrupting gas price talks with CNPC over the "Western Route"