Gas Exporters Face Major Debate on Contracts in 2011
From The Moscow Times
Natural-gas exporters will face pressure this year amid a “major debate” with consumers about how contracts are structured, Fatih Birol, the International Energy Agency’s chief economist, said Wednesday.
“This could be a year that we will see a major debate between the gas importers and the gas exporters about how the contracts should be formulated, and perhaps move away from the oil price-based formula,” Birol said at a conference in Moscow. “This will be pressure on gas exporters in 2011.”