Cuban revolution in pictures: Early years of Fidel CastroWorld December 04, 16:49
Putin: Trump as president realizes quickly level of responsibilityRussian Politics & Diplomacy December 04, 13:46
Putin: attempts for uni-polar world fail, balance in the world restoresRussian Politics & Diplomacy December 04, 13:44
Bild: Eurovision 2017 may take place in MoscowSociety & Culture December 04, 10:45
Presidential election in Uzbekistan is validWorld December 04, 10:43
Russian Reconciliation center delivers over 150 tonnes of humanitarian cargo to AleppoRussian Politics & Diplomacy December 04, 7:46
Rally dedicated to Fidel Castro ends in Santiago de CubaWorld December 04, 6:43
Raul Castro says no streets will be named after FidelWorld December 04, 5:38
Cuban TV host says Fidel Castro admired Russian peopleWorld December 04, 5:17
MOSCOW, February 18. /TASS/. Russian gas giant Gazprom may accede to an offer by Hungary to sign a short-term contract on Russian gas supplies to the country, extending the contract which expires in 2015, according to experts polled by TASS.
This contract accounts for one third of the gas volumes, contracted by Hungary, which exceed 6 billion cubic meters a year, Alexey Grivach, deputy head of Moscow-based National Energy Security Fund, said to TASS on Wednesday. He added that the remaining contracts expire in 2019.
According to the fund’s data, the gas producer is negotiating a new gas delivery point avoiding Ukraine, with its European consumers. In this respect, Gazprom may accede to a short-term contract with Hungary, Grivach said, adding that the deal is also beneficial for the company’s Hungarian partners. The current contract defines Austria’s Baumgarten hub as the delivery point.
Raiffeisenbank analyst Andrey Polishchuk agrees that Gazprom may accede to signing a short-term contract with Hungary, though a long-term contract is more profitable for the company.
"Of course, it’s more profitable for Gazprom to sign a long-term contract with firm "take or pay" terms, but it still can accede to signing a short-term contract in case the deal stipulates beneficial contract terms or gas supplies route," Polishchuk said.