European Energy Woes
... to the spot-pricing system. They 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 – ‘I do not care what price I pay and ... .... 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,...
14.06.2013