For several decades up to the late 2000s, the netback market pricing formula – which links gas prices (principally) to oil product prices – dominated international gas transactions in Europe. This type of price formation is consistent with charging different prices to different national markets, as well as to different end-use sectors within the same market, depending on: their location, the fuels which compete with gas in their energy markets, and their ability to access alternative gas supp...Expand abstract
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Gazprom: a long march to market-based pricing in Europe?
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