European Energy Woes

... oil-pegged prices. Also, there is an evident tendency towards shorter contracts, especially Russian ones, as before contracts were between 25-30 years, but today they tend to be... ... understand all the risks, they understand that spot-prices will not always be cheaper than oil-linked prices, but they have one argument – which is common today –... ... launching this idea, 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, Gazprom will need...