Russian monopoly was not slow to remind about a key principle of gas business

The principle of long-term gas agreements “take-or-pay” is a basis of gas business, the deputy head of Gazprom A.Medvedev said.

“It is possible to guarantee stable and safe supply of natural gas to consumers where there is long-term contracts, including “take-or-pay” terms,” Medvedev said.

According to him, spot price increases and it will exceed the cost on long-term contracts soon.

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