Russian monopoly was not slow to remind about a key principle of gas business
Edited by Rhod Mackenzie / 2013-05-31 07:46:07
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.