EGF Gazprom Monitor, Issue 97, June 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:

  • Gazprom on the European market: Results of June sales on Gazprom"s ESP: Prompt sales reach new peak and focus on deliveries to Germany; Gazprom signs gas supply contract with German VNG; Gazprom plans new power plant in Serbia
  • Nord Stream: Nord Stream 2 project company withdraws proposal for route through Danish territorial waters; Nord Stream 2 construction continues
  • Southern Corridor: Turkish Stream onshore sections closer to completion; Work continues on Serbian pipeline connected to Turkish Stream; Bulgaria holds tender for construction of compressor stations for "Turkish Stream"-linked pipeline
  • Ukraine: EU Energy Union Commissioner Šefčovič announces next round of Gazprom-Naftogaz talks to take place in September; Gazprom dismisses Naftogaz offer of transit swaps; Naftogaz unlikely to agree to Gazprom"s proposed "zero option"
  • Asia: Price is the only remaining question regarding Gazprom"s gas supplies to western China, but it is also the most important one
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