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Gazprom Export to hold 1st ESP natural gas auction for Jan 2019 delivery

Gazprom Export is to hold an auction on its ESP for gas delivery in January 2019.

Gazprom Export to hold 1st ESP natural gas auction for Jan 2019 delivery


Moscow, November 27 - Neftegaz.RU. Gazprom Export is to hold an auction Monday on its Electronic Sales Platform (ESP) for natural gas delivery in January 2019 to the German Gaspool hub, according to an update on the company's website, PLatts reported.

 

Sale set to take place on electronic platform Monday. ESP sales totaled 1.04 Bcm for Q4 delivery The auction will be the 1st to offer gas for 2019 delivery since the process began on September 20.

 

With gas only being offered to one delivery point, the auction could be a way to test market appetite for gas for January delivery. Sales via the ESP began on September 20 and to date 1.04 Bcm of gas was sold for delivery in October, November and December.

 

A source close to the matter told Platts that the gas balance had been reached for the remainder of the year. Gazprom Export is also working on plans to evolve the ESP in the future to allow for gas sales on a shorter-term basis, including potentially day-ahead sales.

 

Source : Neftegaz.RU