Sooner or later, stock exchange speculations on the gas market will end, and Gazprom needs stable clients. Serbia is not the first country to whom the company has agreed to make concessions, told the reporter IA REGNUM economist of the PRUE named after G.V. Plokhanov Olga Lebedinskaya…
“Moldova buys gas from Russia at a price of $ 430-450. Turkey, thanks to the oil peg, buys gas at a similar price – $ 270. Gas was supplied to China even cheaper – $ 171 per thousand cubic meters in the third quarter of 2021.
But the price of the Serbian contract is completely tied to the price of Brent oil (the share of such contracts is only 13-15%) and does not depend on the spot prices, which are the focus of most European contracts.
It is worth noting that the European countries themselves insisted on such contracts. If there were no oil peg, the price would have been around $ 350.