Alexey Gromov gave a commentary to the Business FM radio station about a possible increase in Gazprom's income from gas exports to the EU amid a reduction in its pumping through the Nord Stream 1 gas pipeline.
“Almost 80% of Russian contracts for the supply of natural gas to the EU countries are formed on the basis of the dominant spot peg, only 20% are tied to oil prices. Those spot prices that are formed today at European gas hubs and gas exchanges are already literally a month later reflected in the price of Russian gas supplied under long-term contracts. The volume of Russian natural gas exports before the situation of recent days with Nord Stream decreased, according to Gazprom's reports, by about a third in the first half of the year, and gas prices rose four, and now probably five times in relation to the last year's prices. That's you can draw the appropriate conclusions. Gas exports reduced by only a third, and the rise in prices is almost five times.”
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