DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/t6fqnr/oillinked_gas) has announced the addition of GlobalData's new report "Oil-Linked Gas Pricing is Losing Significance in the European Natural Gas Market" to their offering.
Europe has long been dependent on imports to meet its natural gas requirements. European countries have had long-term natural gas supply contracts with Russia linked to global oil prices. Since mid-2009, a decoupling of the prices of crude oil and gas has been noticed worldwide.
During this time, crude oil prices have been on an upward trend, while gas prices have witnessed a declining trend, driven by increasing US gas production. As a result, European gas-importing countries have recognized that it is more economical for them to buy gas at a lower price from the spot market than it is to import it from Russia under the present long-term contracts. Oil price-linked gas contracts have made Russia's gas expensive.
European companies are now pressuring the Russian gas monopoly, Gazprom, to revise its natural gas supply contracts. Several European companies have had some success in this endeavour.
Scope
- The report explains how oil-linked gas pricing is losing significance in the European natural gas market.
- The report also covers why Russia is experiencing strong resistance to its oil-linked gas prices in Europe.
- Geographic Scope- Europe.
Reasons to buy
- The report talks about how oil price-linked gas contracts have made Russia's gas exports to Europe expensive.
- It helps us to understand how Russia is experiencing strong resistance to its oil-linked gas prices in Europe.
- The report also highlights why long-term contracts linked to oil-indexation appear less relevant for current gas pricing mechanism in Europe.
Key Topics Covered:
1.1 List of Tables
1.2 List of Figures
2 Summary
3 Oil-Linked Gas Pricing is Losing Significance in the European Natural Gas Market
3.1 Oil Price-Linked Gas Contracts have Made Russia's Gas Exports to Europe Expensive
3.2 Of Late, Russia is Experiencing Strong Resistance to its Oil-linked Gas Prices in Europe
3.3 Long-Term Contracts Linked to Oil-Indexation Appear Less Relevant for Current Gas Pricing Mechanism in Europe
4 Appendix
4.1 Sources
4.2 Methodology
4.3 Contact Us
4.4 Disclaimer
For more information visit http://www.researchandmarkets.com/research/t6fqnr/oillinked_gas
Source: GlobalData