Not all markets are equally competitive: gas supply expert

The European Union is often guided in its policies by ideal ideas about a market economy that have little in common with reality, told a correspondent IA REGNUM General Director of the management company “UNIVER Savings” Viktor Shakhurin.

“In particular, the Europeans do not want to take into account many technological nuances. For example, a few years ago, Europe insisted on abandoning long-term contracts with Gazprom under the “take or pay” scheme, believing that short-term contracts based on spot market prices would be more profitable for them.
But at that moment, the spot market played an auxiliary role – the United States and other manufacturers poured temporarily formed excesses of liquefied gas into it in order not to pay for the demurrage of gas carriers.

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