EGF Gazprom Monitor, Issue 93, February 2019

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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:

  • Main Story: EU member states reach provisional political agreement on changes to EU Gas Directive; Potential impact of revised Gas Directive on Nord Stream 2; Potential impact on Nord Stream; Final remarks
  • Gazprom on the European market: Gazprom reaches record share of European gas market; Results of February sales on Gazprom"s ESP; Lithuania joins Polish legal challenge against European Commission over settlement of Gazprom investigation
  • Southern Corridor: Bulgarian section of Turkish Stream faces delay with appeal over procurement; European Energy Community offers opinion on proposed exemption from EU gas market regulations for Serbian section of Turkish Stream
  • Belarus: Presidents of Russia and Belarus meet in Sochi and stress ongoing discussion of gas supplies
  • Asia: Gazprom and CNPC bring forward Power of Siberia launch date to 1st of December 2019
  • Other: Gazprom Investor Day presentation recaps LNG activity in 2018 and progress on planned projects
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