Three decisions crucial to Russian gas
The volume of exports hangs on crucial events at home and abroad
It is no exaggeration to say that the future of Russian gas exports to Europe may well hinge on the outcome of events in 2019, in particular the progress of three pipeline-related negotiations. Meantime Gazprom's record exports to the continent in 2017 are likely to be surpassed in 2018, with total volumes probably exceeding 20bn cm, with the consequence that capacity in the existing pipeline system is reaching its limit. This is particularly true in the winter months when daily demand is at its peak. If a cold weather event such as March 2018's "Beast from the East" is repeated in 2019, then the system may struggle to cope. As a result, the negotiations around the future of Nord Stream 2, t
Also in this section
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023