Gazprom and E.On agree oil-link contract change
German utility drops arbitration claim against Russian exporter
Gazprom agreed long-term gas contract changes with E.On on 3 July, settling a long-running dispute over oil-linked supply deals which, the German utility claimed, had caused it to incur losses.The renegotiated contracts will be retroactively applied to gas sales made from the fourth quarter of 2010. The settlement is expected to boost E.On’s half-yearly earnings by €1 billion ($1.26bn). For its part, the German firm has withdrawn an arbitration claim against Gazprom.“With the successful completion of the talks with Gazprom, E.On has now successfully renegotiated the pricing conditions of all of its currently oil-indexed volumes under its long-term gas supply contracts,” E.On said."This marks
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
