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Italian energy group Edison company in September 11, 2012, said the company and Qatar pull Ezra all natural GAS company (RAS GAS) sign of Liquefied natural GAS (LNG (Liquefied natural GAS
Italian energy group Edison company in September 11, 2012, said the company and Qatar pull Ezra all natural GAS company (RAS GAS) sign of Liquefied natural GAS (LNG (Liquefied natural GAS that LNG) import contracts (deadline for 25 years), the supply capacity of 6.4 billion cubic meters, imported GAS transported to Italy LuoWeiGe port. Both parties of the contract to reduce the gas supply price, Edison company get a discount for 450 million euros. The company will import low gas sold to Italy or Europe in other parts of the company or family. The move for other European enterprise obtain low gas and reduce the burden of consumer paving the road. Since then other European enterprise can also follow the lead of Edison company, and supplier to natural gas contract negotiations.
Russia, Norway and Qatar using natural gas price and oil price mechanism of hook, forcing the European enterprise sell at a loss imported gas, the company suffers the loss of billions of euros. At the same time this mechanism also lead to a fall in demand for natural gas in Europe and recession, in order to safeguard the company's low profits, European companies against gas exporter using this mechanism.
Gazprom (Gazprom and the German e.on company signed long-term natural gas supply contract also USES natural gas price and oil price link mechanism, leading e.on suffer from the loss of millions of euros. In July 2012 the Russian Gazprom company agreed to adjust the contract.
In March 2011, Italian Edison company to the ICC international court of arbitration submit litigation, request Qatar RAS GAS company adjust natural GAS prices, the arbitration court receives the Edison company's defense. Edison company and Libya and Algerian gas contract has not been ruled out of the arbitration cases.