Anti-Russian measures or a move to follow the mainstream market path?:
"Hardly a week passes without a sensitive blow or two to Gazprom’s interests in Europe. This time it was Statoil that decided to scrap the oil indexation in its gas sales. In March the Norwegian company announced it was keeping oil-based pricing for just 25% of contracts and now it dropped the old formula altogether.
Prior to this decision, 50% of gas sold in Europe was indexed by oil; and gas-to-gas pricing at distribution hubs accounted for 45% of the overall volume, as the International Energy Agency reported. The decision of the Norwegian supplier alters the proportion in favor of hubs."
'via Blog this'
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