HomeMediaMedia PublicationsAnalyticsWhy is the Balkan Stream “shallowing”?

Why is the Balkan Stream “shallowing”?

27 March 2023

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting
Тип: Analytics

The Oil and Capital magazine published an author's column by Alexey Belogoryev, Deputy Principal Director on Energy Studies of the Institute for Energy and Finance, on the topic “Why is the Balkan Stream “shallowing”?

Deliveries of Russian pipeline gas to Europe today cover approximately 10-11 countries (excluding Turkey and transit to the Kaliningrad region through Lithuania) and are distributed along two routes - Ukrainian and Balkan - crossing in Hungary. Unlike Ukrainian transit, which is theoretically subject to military and political risks, gas transportation via the Turkish Stream and its continuation in the form of the Balkan Stream looks to be the safest today (of the few options that remain) and therefore more attractive for importers, and probably a priority for PJSC Gazprom. However, supplies on it are almost not growing, and in 2023 they may even decrease. Let's try to figure out why this happens.

Read the column

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