Support The Moscow Times!

Gazprom Revises Supply Deal With GDF Suez

Gazprom and France's GDF Suez have agreed to revise the terms of their long-term contract, Bloomberg reported Thursday.

Though no agreement has yet been signed, and details of the new terms are being kept secret, GDF Suez's deputy president, Jean-Francois Cirelli, said the new conditions were "very comfortable" for his company.

The major change concerns an increase in supplies of gas, the price of which is tethered to the spot market, an unidentified source close to GDF Suez told Vedomosti.

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.