Related Articles
Forward article link
Share PDF with colleagues

Gazprom held auctions for winter gas delivery

Only a third of the total on offer went, but it was a significant move for the Russian company

Russian export monopoly Gazprom Export tried a new approach to gas sales in September: it held auctions for winter gas delivery (1 October to 31 March), with volumes on offer at two points. Only a third of the 3.2bn m³ total on offer went, but it was seen as a significant move and one that would be welcomed by traders, allowing new counterparties to acquire gas directly from Gazprom and so improving liquidity marginally. The European Commission is investigating Gazprom for allegations that it uses discriminatory pricing and that it has abused of its market position in the European Union’s gas markets, mainly in central and eastern Europe – the former Soviet bloc – where it traditionally dom

Also in this section
Energy demand stayed low in 2016, as the fuel mix shifted towards cleaner energy sources
20 June 2017
China and India accounted for almost all the growth, says BP, and global emissions were flat for the second year in a row
The global oil-demand growth forecast for 2017 depends on a bumper Q4
15 June 2017
Either Q1-Q4 crude consumption will rise at its fastest pace since 2010, or the data are very wrong
The blockchain technology challenging the energy world
8 June 2017
As companies queue up to lend their financial support, the rise of this new innovation is unstoppable