hi and welcome to our seas business bulletin increased demand for gas in europe is largely a benefit of the russian state company gazprom but the company has been criticized for charging far more than the market's spot prices alexander medvedev deputy c.e.o. of gazprom believes however that the disparity between its prices and long term contract prices will soon be minimal. that's leadership in the next two years so we can expect sport prices to go significantly higher gas futures whole winter time to love and when did well when trying to the team if they're not already higher will be around four hundred dollars or a thousand cubic metres and this is equal to the price formula in our long term contract. despite the low european and asian markets the u.s. markets are trading in the black monday though speculation that they will fall throughout trading is high due to continuing concerns over the debt crisis in greece. and various sentiment dominated the russian markets on monday the us...