Exec: SPIMEX sees gas trade volume rising to 15Ц20 bcm in 2020 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Exec: SPIMEX sees gas trade volume rising to 15Ц20 bcm in 2020

MOSCOW, Jan 14 (PRIME) -- The St. Petersburg International Mercantile Exchange (SPIMEX) expects sales of natural gas on the trading floor to rise to at least 15 billion cubic meters (bcm) in 2020 from 12.875 bcm in 2019 and sets the target for sales at 20 bcm, Managing Director for the gas and electric power market Sergei Trofimenko said on Tuesday.

УThe main issue is that Gazprom cannot, as it thinks, allocate additional volumes on the bourse without risksЕ ThatТs why we discussed last year quite actively where to take additional volumes. We forecast that we will at least reach last yearТs volume this year by looking for additional resources. We plan to show the amount of 2017, this is the target figure we plan to reach.Ф

In 2019, the trading floor completed procedural framework for the launch of commercial balancing of untaken gas under the agreements and elaborated a concept of 2Ц13-month agreements with the use of instruments of the futures market.

End

14.01.2020 14:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 80.4062 -1.0614 09 jul
USD 71.2379 -0.9340 09 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1245.54 -0.18 18:50 08 jul
micex 2815.83 -0.33 18:50 08 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 197.96 -1.02 23:49 08 jul
lkoh 5464.00 -0.36 23:49 08 jul
rosn 365.85 -0.80 23:49 08 jul
sber 210.53 -1.90 23:49 08 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 80.9375 -0.5700 14:59 08 jul
USDTD 71.2800 -0.0450 17:44 08 jul