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Reuters reported that Gazprom is expected to cut long-term contract prices to Europe to be competitive with the spot market.
Reuters reported that Gazprom is expected to cut long-term contract prices to Europe to be competitive with the spot market.
As quoted in the market report:
The price of the natural gas Russia’s gas export monopoly sells to Europe on long-term contracts could fall to around $370 per 1,000 cubic metres in 2013 from over $400 this year.