MARKET INSIGHT:European Price Sag

摘要

European term prices began to ease this quarter,as the plunge in oil prices from July's peak of 147 per barrel to 40-45 gradually feeds through into formula prices for Russian and other term gas imports.Not that there's been much Russian gas to price so far this month.As Gazprom's dispute with Ukraine dragged on,continental gas suppliers in Germany,France and Central Europe began depleting their inventories significantly(p2).