With two weeks to go to the expiration of the 10-year gas transit contract with Russia, reports from Friday’s meeting between Gazprom and Naftogaz in Vienna indicate that Naftogaz will extend booking volumes to Dec. 31. Russian wire reports that both sides had reached an agreement caused gas prices to plunge for 20 minutes on Friday afternoon. The reports were not confirmed.
With two weeks to go to the expiration of the 10-year gas transit contract with Russia, reports from Friday’s meeting between Gazprom and Naftogaz in Vienna indicate that Naftogaz will extend booking volumes to Dec. 31.
