Gazprom, EDF Tighten Ties

摘要

Gazprom and EDF Trading unveiled a deal Tuesday to swap gas between the US and European markets. EDF Trading will deliver 0.5 Bcm/yr (about 50 MMcf/d) to the US over the next five years, while Gazprom will supply the same volume to the UK. "Everything ... will be delivered to Gazprom as natural gas, not LNG," a Gazprom spokesperson said.