EGF Gazprom Monitor, Issue 86, July 2018

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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 Research Fellow on the Natural Gas Research Programme, Oxford Institute for Energy Studies

Key points:

  • Gazprom on the European market: Gazprom reports record H1 exports to Europe; Arbitration panel grants PGNiG right to request lower price from Gazprom under long-term contract
  • Nord Stream: Republican Senator introduces bill that would introduce mandatory sanctions against Nord Stream 2, as President Trump flips from aggressive to conciliatory in approach to the project
  • Southern Corridor: Gazprom resumes laying the second line of Turkish Stream
  • Ukraine: Trilateral talks between EU, Russia, and Ukraine on gas transit post-2019 begin; Naftogaz proposes lower tariff for gas transit via Ukraine from 2019
  • Asia: Gazprom provides start-up dates for fields that will provide gas for the Power of Siberia pipeline
  • Other: Gazprom announces that full-scale development of the Kharasaveyskoye gas field to begin in 2019;  Novatek makes first LNG delivery from Yamal to China via the Northern Sea Route
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