Stories tagged with "take-or-pay"
European gas buyers unwilling to pay for security of supply
Posted by Jerome a Paris on October 27, 2009 - 10:28am in The Oil Drum: Europe
Topic: Policy/Politics
Tags: gazprom, long term contracts, natural gas, take-or-pay [list all tags]
Even as we've been going through years of hand-wringing about security of supply, and about how Russia was an unreliable gas supplier, it comes out the European gas buyers are themselves increasingly refusing to pay the price that underpins the security of their Russian supplies, and are breaking their contractual obligations towards Gazprom, making Europe, erm, a less reliable customer... something that's likely to come and bite us in the near future:
European Energy Firms Fall Short in Gazprom Purchases
European energy companies, faced with weakening demand and plentiful lower-cost fuel supplies, have bought far less natural gas from Russia's OAO Gazprom this year than they are obliged to under long-term contracts -- setting the scene for a potentially damaging showdown with Moscow.


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