| Author (Person) | Belton, Catherine, Crooks, Ed |
|---|---|
| Series Title | Financial Times |
| Series Details | 26.2.10 |
| Publication Date | 26/02/2010 |
| Content Type | News |
|
Article reports that Gazprom, Russia's gas export monopoly, has renegotiated some contracts with European customers for a three-year 'crisis' period, according to Alexander Medvedev, deputy chief executive. Gazprom has agreed changes to gas contracts with European energy groups to allow up to 15% of sales to be linked to gas prices on the spot market, which are presently about 25% cheaper than the oil-linked prices specified in long-term contracts. It emerged February 2010 that GDF Suez of France had renegotiated its contracts with Gazprom, alongside Eon of Germany and Eni of Italy. |
|
| Subject Categories | Energy |
| Countries / Regions | Europe, France, Germany, Italy, Russia |
