Gazprom shares slide to 17-year low
Officials said negotiations over the Power of Siberia 2 pipeline were suspended, and Gazprom’s stock fell to its lowest level in 17 years.
Mateo Fernandez ·
Gazprom shares fell to their lowest level in 17 years on July 15, 2026, after officials said negotiations over the Power of Siberia 2 natural gas pipeline had been suspended. Traders sold the stock on the news, driving the equity to the session low.
Power of Siberia 2 talks
Officials said the discussions around the Power of Siberia 2 project were on hold; the statement did not include a timeline for resumption. The suspension removed a near-term catalyst that investors had tied to future project development and potential export capacity expansion.
Market participants noted the suspension raises questions about the timing of large-scale gas deliveries that had been linked to the pipeline. Gazprom’s share price is sensitive to shifts in project risk and export outlook because planned infrastructure affects future volumes and revenue streams.
The announcement also increases headline risk for companies exposed to Russian gas project timelines. Short-term volatility in Gazprom equity is likely while market participants reassess the project’s prospects and any knock-on effects for contractual deliveries.
Watch for an official company update or a restart of talks by July 17, 2026, when investors will seek clarification on next steps and any revised schedule for the pipeline.