Mexico knocks out Russia from FIFA Confederations Cup with 2-1 win in KazanSport June 24, 19:59
Putin visits Crimean youth camp ArtekSociety & Culture June 24, 19:42
Conflict around Qatar should be settled by diplomatic means - source at Foreign MinistryRussian Politics & Diplomacy June 24, 16:44
More than 237,000 fans attend Confederations Cup matches already - Deputy PM MutkoSport June 24, 15:03
Sistema's president hopes for dialogue with Rosneft on settlement agreementBusiness & Economy June 24, 14:56
CNN deletes article about meeting between Scaramucci and Russian Direct Investment FundWorld June 24, 13:12
Ukrainian Army units shell Donetsk Republic in first hours of newceasefireWorld June 24, 5:19
Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
MOSCOW, July 04. /ITAR-TASS/. Russian gas giant Gazprom is ready to factor in spot gas prices into its long-term contracts, business daily Vedomosti reported on Friday citing two sources close to Gazprom.
In May, Gazprom CEO Alexei Miller signed an agreement on new price formation with Italy’s Eni. Gazprom did not disclose details, but Eni said that gas prices will be indexed to the spot market price.
Previously, Gazprom included spot prices into its contracts under the pressure from the EU and its European clients, but spot prices were used only for additional gas, taken above the minimal volume of the take-or-pay conditions. Eni was the first company to receive the whole volume of gas indexed to the spot market, a source close to Gazprom said.
“Indirect mechanisms allow to reduce the disparity between spot gas prices and the price of a long-term contract,” another source said, adding that the oil link is still in force.
A similar mechanism can be introduced in other European competitive gas markets, for instance in Poland, the source said.