Gazprom to Auction Gas in Europe Where Buyers Have the Edge

  • Gazprom will sell gas for winter delivery on Aug. 31-Sept. 2
  • Auctions supplement decades-old practice of contract sales

Russia’s Gazprom PJSC will start a round of natural gas auctions for utilities and traders in Europe on Wednesday, a further sign the world’s biggest exporter of the fuel is becoming more market orientated.

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