European Energy Woes

... there is an evident tendency towards shorter contracts, especially Russian ones, as before contracts were between 25-30 years, but ... ... they understand that spot-prices will not always be cheaper than oil-linked prices, but they have one argument – which is ... ... principle, if you do not like it, then do not buy it. In truth, the energy market prices represent so many components that it is even ... ... but some harmonization has occurred. As we’ve seen with Ukraine, it has a liberal economy and it has been able to use reverse flows to buy gas cheaper than from Gazprom, by not very much, but still cheaper. So, sooner or later,...