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    Reuters: W.Europe Could See Record Russian Gas Imports - Analysts

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Summary

This summer could see Western Europe importing record amounts of Russian gas, analysts speaking to Reuters said

by: Erica Mills

Posted in:

Press Notes

Reuters: W.Europe Could See Record Russian Gas Imports - Analysts

Russian gas imports into Western Europe could rise to a record this summer as utilities increase purchases from Russia, taking advantage of lower prices for oil-indexed gas contracts, analysts said.

Europe's biggest utilities have deferred taking delivery of Russian gas in the winter until the second quarter, when weaker oil prices worked through into gas contracts, making the supply cheaper.

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