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Project Insights

Gazprom supply flexibility to face hurdles in 2020

US sanctions on Nord Stream 2, progress on 'Balkan Stream', and the future of the Yamal transit contract will all have implications for Gazprom’s supply flexibility this year US sanctions on Nord Stream 2, progress on 'Balkan Stream', and the future of the Yamal transit contract will all have implications for Gazprom’s supply flexibility this year.
By Anna Gumbau 9 January 2020 Europe & Russia / Pipelines, Storage & Power 0 34919
Offshore Nord Stream 2 construction. (Gazprom)

The key issue: The new five-year gas transit agreement reached between Russia and Ukraine on 30 December has boosted Gazprom’s export options, although hurdles remain for Nord Stream 2.

Interfax analysis: With Russia and Ukraine having secured a gas transit deal until at least the end of 2024, Gazprom will be able to take advantage of multiple supply routes and excess transport capacity. The company will have more flexibility in 2020 than it has had in previous years, making it harder to...