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Gazprom begins third round of price correction talks with European clients

June 06, 2013, 17:23 UTC+3
The first two rounds yielded adjustments to long-term contracts against current market conditions
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LEIPZIG, June 6 (Itar-Tass) - Russia’s national utility Gazprom has begun the third since 2008 round of price revision negotiations with its key clients in Europe, Gazprom Export CEO Alexander Medvedev told a news conference on Thursday.

The first two rounds yielded adjustments to long-term contracts against current market conditions.

Earlier, Medvedev said that Gazprom has had negotiations with Italy’s ENI and France’s Gaz De France.

Gazprom’s European clients have been demanded price adjustment in relation to the spot market after the outbreak of the global crisis in 2008.

 

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