Gazprom: Long-term Contracts, New Pricing to Boost Revenue

Russia's Gazprom, the world's largest conventional gas producer, said on Tuesday that a combination of long-term contracts with new pricing mechanisms and forms would allow it to boost revenues and strengthen its market position.

 

In recent years, Gazprom has started to add spot pricing elements to some of its contracts with European clients, which are linked to oil prices. Gazprom has also held gas auctions in addition to supplies based on long-term contracts.