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Policy & Regulation

Gazprom eyes EU market share after Ukraine deal

The 11th-hour agreement on transit via the Ukrainian route may open the door for Gazprom to increase its market share in the EU despite the current LNG glut The 11th-hour agreement on transit via the Ukrainian route may open the door for Gazprom to increase its market share in the EU despite the current LNG glut.
By Anna Gumbau 7 January 2020 Europe & Russia / Pipelines, Storage & Power 0 34908
Naftogaz Executive Director Yuriy Vitrenko (left) and Gazprom CEO Alexei Miller. (Gazprom)

Gazprom’s deal with Ukraine on Russian gas transit comes despite the startup of the TurkStream pipeline on 1 January and the likelihood that Nord Stream 2 will be commissioned in the second half of 2020. It may therefore signal Gazprom’s intention to maintain and perhaps expand its market share in the EU even if competition is strong from LNG exporters such as the United States, Qatar and private Russian player Novatek.  

Under the new five-year transit deal, Gazprom has agreed to ship 65 billion cubic...