Gazprom Agrees to NewEuropean Price Concessions

摘要

Gazprom looks to have bowed topressure from its European gas cus-tomers for more “give” in its oil-in-dexed long-term contracts, withGazprom Export saying on Jan. 17 it has agreed “more flexible pricing”with several buyers because ofchanging market conditions in theEU that will result in lower prices.The changes, agreed at the end of2011 and start of 2012, will benefitFrance’s GDF Suez, Germany’sWingas, Italy’s Sinergie Italiane,Slovakia’s SPP and Austria’s Econgas.Gazprom said the base price forRussian gas, the percentage of spotpricing in the deals and the take-or-pay volumes will stay the same, butit has reduced an unspecified “coeffi-cient” in the contracts, depending onwhether countries will give Gazpromaccess to their power sectors or ontheir economic situations.