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RWE announces changes to some gas contracts

German energy company RWE has announced changes to the terms of a number of contracts with gas suppliers.
By Staff reporter 11 November 2011 Europe & Russia / Supply & Demand 0 1796

German energy company RWE has announced changes to the terms of a number of contracts with gas suppliers.

Gazprom has pointed out that negotiations with an RWE subsidiary over the contract revision are underway in tandem with an arbitration process.

RWE said it had achieved progress in negotiations over its loss-making gas-supply contracts tied to the price of oil. Negotiations over the review of the first several long-term contracts with international oil and gas companies has produced the desired results, the company said.

RWE's CFO Rolf Pohlig said...