Where are moving the contracts for the natural gas supplies: duration
The author examines the development of natural gas supplies in the international trade, which historically has always been performed on long-term basis. In recent times with a significant drop in prices as a result of increased supply amid stagnant demand on the market, many buyers no longer see the need for long-term contracts. They argue that they move to the spot market, which offers better conditions: attractive price, less stringent conditions, the possibility of changing the destination of the delivery. In this regard, interaction between the seller and the buyer in the area of long-term contracts have become a zone of conflict.