Quarterly Gas Review – Issue 11 [GGP]
In the main articles we look at Russia’s declining market share in Turkey as Gazprom faces increasing competition from LNG and other sources of pipeline gas, ahead of imminent contract renegotiations on import contracts. We also assess the implications of Turkey’s new gas discovery offshore in the Black Sea, casting some doubt on the most optimistic expectations but nevertheless acknowledging its potential importance as the country seeks to reduce import dependency. Finally, we review the performance of Algerian exports in 2020 and question whether the country’s growth targets are realistic unless Sonatrach changes its marketing strategy for exports and domestic prices are increased.
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