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Gas exporters endorse Putin’s message at GECF

Gas exporting countries have endorsed Vladimir Putin’s defence of oil-linked long-term gas contracts. Moscow has been consistent in its demands in this respect, but with Europe fighting back it seems the message is now geared towards China Gas exporting countries have endorsed Vladimir Putin’s defence of oil-linked long-term gas contracts. Moscow has been consistent in its demands in this respect, but with Europe fighting back it seems the message is now geared towards China.
By Tom Washington 2 July 2013 0 2620
Putin at the GECF summit in Moscow. Members endorsed his strong support for oil-linked prices. (PA)

Russian President Vladimir Putin scored a hit in defence of Gazprom’s long-term oil-indexed contracts with members of the Gas Exporting Countries Forum (GECF) on Monday. The members endorsed Putin’s call for oil-linked prices, at the same time as Russia is negotiating gas prices with China.

Moscow is losing the battle for purely oil-linked long-term contracts in Europe, so the message from Putin and the GECF seems targeted more at Beijing.

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