Gazprom has announced that once again it will cut its gas prices for European buyers this year.Due to competition from other natural gas suppliers, and cash-strapped energy companies around Europe unable to pay the old high prices listed in the long-term supply contracts, Gazprom has already had to drop its prices, and even return some money to customers that paid retroactive payments. In 2012 it is estimated they handed back $3.22 billion, but this year the cuts will be far smaller, only $800-$900 million according to Alexander Medvedev, head…
Read more... Reported by OilPrice.com 3 days ago.
Read more... Reported by OilPrice.com 3 days ago.
