Gazprom and EDF announce transatlantic gas swap
Gazprom Marketing & Trading and EDF Trading have announced details of an agreement to swap natural gas between the US and European markets.
Under the agreement, EDF Trading will deliver 0.5 billion cubic metres of natural gas a year (about 50 million cubic feet a day) for the next five years to Gazprom in the US. Gazprom will deliver the same quantity to EDF in the UK over the same period.
“This agreement enables us to ramp up our US operation and provides us with gas supplies in areas of strategic importance,” says Vitaly Vasiliev
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