Increasing gas availability is the key market growth driver. Many countries are revising their energy balances in favour of this type of energy source. The task for manufacturers is to keep the prices in the acceptable for the consumer range. <…> In the long term, pricing in the gas market should not be linked to oil indices. Prices should suit consumers. Otherwise, we will not be able to implement out plans to increase market volumes — Leonid Mikhelson, Chairman of the Management Board, Member of the Board of Directors, NOVATEK.
We now have contractual relationships with our counterparties based on diverse pricing models. We use at least three models in our contracts. We have carefully adjusted to the market changes and will adjust further if necessary. However, the fact that our gas was, is and will remain the most competitive in Europe, there is no doubt about that — Aleksandr Medvedev, Director for Technical Sales and Promotion of Products in the Domestic Market, Tube Metallurgical Company (TMK).
Today, many buyers choose the waiting game or switch to spot contracts. We consider the changing market conditions and find a custom solution for each case. Just 20 years ago, when we first started working with LNG, all clients insisted on long-term contracts. Today everything has changed. Moreover, it may happen that by 2025 things will change again. We will respond accordingly — Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar.