European Energy Woes
... as the spot market nearly equals 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 between 10-15. The major issue is that the ... .... No special order can be successful in 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 to drop prices. As European market will develop,...