No 51/52



Linkage Of European Gas Prices To Oil Set To Continue, Says HSBC

The linkage between oil and gas prices in Europe is set to be maintained if oil prices remain at the current relatively high levels, according to a new report entitled The European Gas Market by Adam Seymour of HSBC. The gas trade in Continental Europe is almost wholly conducted under the terms set out in bilateral long-term contracts in which the gas price is explicitly linked to...