8 Nov 2012 17:47

Gazprom raises share of spot component in contracts

MOSCOW. Nov 8 (Interfax) - Gazprom has somewhat raised the share of the spot component in contracts with its clients, although that particular element still does not dominate, Director of the Gas Export Department at Gazprom Export Dmitry Averkin said during a conference call.

"We have somewhat increased the amount of spot anchors," he said.

Gazprom applies both direct and indirect methods of ties to the spot price in its contracts. In any case, the spot anchor does not dominate in its contracts, Averkin said.