Companies & Finance

Gazprom may revise contracts with European buyers

Gazprom is considering changes to the terms of its supply contracts with European customers
By Staff reporter 28 June 2018 0 31501

Gazprom is considering changes to the terms of its supply contracts with European customers following record low temperatures last winter, Interfax reported on Thursday quoting an anonymous industry source.

The source said the changes should amend gas pricing formulas in relation to volumes taken, variable rates of extraction and supply flexibility.

Gazprom’s deputy chairman, Alexander Medvedev, said earlier this month that Gazprom’s contracts with European clients can be revised at the initiative of both buyers and the Russian company itself, and not only towards...