NORD STREAM II: MORE GAS
Russian energy producer Gazprom is preparing to offer to sell more natural gas to Europe at spot prices to ensure European companies' support for a planned pipeline bypassing Ukraine, industry sources say.
Worried that conflict-ridden Ukraine is not a reliable transit route, the state-run company signed a shareholders' agreement with five European firms last month to build the Nord Stream II pipeline under the Baltic Sea to Germany.
But Gazprom is under pressure from the European Union to change its policy of selling gas through long-term contracts linked to the price of oil because the European Commission,…
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