Nord Stream to be the route for limited supply of Russian gas to Europe

Nord Stream will be short-term supply route for Russian gas delivery to Europe. Gazprom export starts auctions of a new format now.

Gazprom export, responding to the challenges of a changing energy market, plans to test a new mechanism of gas sales in Europe and thus announced a new gas auction system. This form of sales will be an additional tool that is not an alternative to the system of long-term contracts, which provide energy security of Europe. Short-term export supplies will be tested at the non-transit Pan-European gas pipeline “Nord Stream”.

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