The EC decision on OPAL will enable Gazprom to bid for some extra 12.8 bcma of OPAL. However, the decision has not only made 20% (2.56 bcm) of the capacity available to third parties, but has also included a provision to increase this proportion should more demand materialise. This seems likely as OPAL provides access to Central and Eastern European markets where Gazprom prices its gas at premium to NW Europe and linked to oil. Gazprom's officials have already expressed disappointment – this might well not be the end of the OPAL saga.
Table of contents
OPAL decison: not so good for Gazprom
Tables and charts
This report includes 2 images and tables including: