EGF Gazprom Monitor, Issue 76, September 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:  European Parliament adopts revised version of EU Security of Gas Supply Directive, which is due for approval by the EU Council before passing into EU law; Gazprom signs gas supply contract with Croatian PPD
    • Gazprom in the Baltic region: National Regulatory Authorities (NRAs) and Transmission System Operators (TSOs) for energy in the Baltic states meet and agree on pricing of transmission in the regional market; Trading volumes on the GET Baltic trading platform rise in August, remain stable in September
  • Nord Stream: US sanctions continue to threaten financing of Nord Stream 2 project; Nord Stream 2 AG submits application to Finnish government for construction permit
  • Southern Corridor: Gazprom announces record annual deliveries to Turkey as justification for Turkish Stream
  • Ukraine: Ukrainian court dismisses Gazprom"s latest appeal against anti-monopoly fine; Gazprom requests increase in gas transit via Ukraine as Nord Stream is closed for scheduled maintenance
  • Asia: Gazprom plans to export 4.6 bcm to China via Power of Siberia in 2020 as part of pipeline launch
  • Other News:  Gazprom displaces ExxonMobil at top of S&P Platts 250; Gazprom signs LNG supply contract with Ghana National Petroleum Corporation (GNPC)
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