EGF Gazprom Monitor, Issue 75, August 2017

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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

Key points:

  • Gazprom and the EU:
    • Gazprom on the European market: Gazprom continues to increase its sales on the European market; New EU standards for coal-fired power plants likely to result in increased gas demand for power generation
    • Gazprom in the Baltic region: Lithuania"s first shipment of US LNG arrives; Baltic Prime Ministers agree on development of joint regional LNG infrastructure
  • Nord Stream: Gazprom Chairman praises lifting of OPAL restrictions as Gazprom increases gas flows through the pipeline
  • Southern Corridor: 170km of Turkish Stream offshore section laid as point of landfall in Turkey is confirmed
  • Ukraine: Gazprom files another appeal against the enforced recovery of a fine issued by the Anti-Monopoly Committee of Ukraine in January 2016
  • Asia: Gazprom CEO states that Power of Siberia is "ahead of schedule" and announces intended launch date; Gazprom to delay launch of Yuzhno-Kirinskoye gas field at Sakhalin by two years, to 2023
  • Other News: Novatek intends to launch Yamal LNG terminal ahead of schedule, planning second Arctic LNG terminal; LNG carrier completes journey across Northern Sea Route without icebreaker support
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