Gazprom Set for Another Tough Year

摘要

Gazprom had a tough 2012, and 2013 looks set to be little better. In what analysts at VTB Capital say underscores Gazprom's deteriorating bargaining power in its key European market, the Russian gas giant will likely have to make more price concessions to stem a broader buyers' revolt, while sticking to its core principles of oil indexation and take-or-pay terms.