Growing pressure to de-link European oil and gas prices

In safe hands?

Long-term gas supply contracts

After a protracted tug-of-war over the pricing of long-term gas supply contracts that included the threat of arbitration, Germany’s E.On and Russia’s Gazprom agreed in early July that the latter gas giant would lower its contract prices by 7–9% but otherwise leave the pricing structure of the contract intact. Under the retroactive deal, Gazprom also said it would pay E.On €1 billion in July and August.

While the current round of price negotiations between major suppliers such as Gazprom (Europe

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: