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Commodities Briefing - Categorized | Market Moves, Oil more

Natural gas loses decades-old tie to oil in landmark deal

Posted on 11 April 2014

A contract for France’s largest natural gas company to buy the commodity from Azerbaijan shows the decades-old structure of Europe’s energy market is starting to crumble.
For the first time, GDF Suez SA (GSZ) signed a 25-year contract to buy gas from BP Plc and partners in the former Soviet republic at prices tied to those in Western Europe’s domestic gas markets, a person with knowledge of the matter said, asking not to be named because the terms are confidential………………………………………..Full Article: Source


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