EGF Gazprom Monitor, Issue 99, August 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: Gazprom Group"s European sales volumes fall, but revenues stable;  Appetite for Russian gas fades as European gas storage reaches full capacity; Results of August sales on Gazprom"s ESP: Sales volumes fall from July peak; Gazprom-owned FSRU leased to OMV
  • Southern Corridor: Turkish Stream receiving terminal in Turkey 95 per cent complete — first supplies planned by the end of the year
  • Nord Stream: Finnish section of Nord Stream 2 completed, as 75 per cent of Nord Stream 2 is laid
  • Asia: Progress with Power of Siberia as major gas field is connected to the pipeline
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