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European gas supply: on the verge of being mostly spot-indexed

Abstract:

According to our estimates, in 2011, 58 percent of the gas sold in Europe was under an oil-linked formula (Figure 1). Since the 2008 crisis, this ratio has remained unchanged at 58 percent: on the one hand successful renegotiations of long-term contracts introduced some spot indexation but on the other, due to demand destruction, buyers had to reduce their spot purchases and there was an increase in oil-linked Qatar LNG volumes in Continental Europe during this period. But contract renegotiat...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Authors


Thierry Bros More by this author
Publisher:
Oxford Institute for Energy Studies
Journal:
Oxford Energy Forum Journal website
Volume:
89
Pages:
3-4
Publication date:
2012-08-05
ISSN:
0959-7727
URN:
uuid:7b746de1-a594-43eb-a5fb-0bf74e2becbb
Local pid:
ora:11185
Language:
English
Keywords:

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