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Most Russian gas is sold under price formulas directly linked to oil products (diesel and fuel oil), usually using an average over several months. Thus Russian gas prices tend to follow oil prices with a lag of a few months and with much less volatility.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Sep 7th, 2005 at 09:53:19 AM EST
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