News // Markets & Stocks
Gazprom Export sold 2 billion cubic metres of gas at its third auction
06 September 2016 , 12:10Neftegaz.RU569
The 3rd gas auction of Gazprom Export for gas supply to Europe, with bidding sessions held from August 31st to September 2nd, is completed, reported Gazprom Export on Septmeber 5, 2016.
«We are satisfied with the results of the auction. The fact that once again we have been able to sell additional gas volumes at the direction where we tested the first auction sales last year proves that this trading model worked not only once but is able to be used regularly», — said Elena Burmistrova, Director General of Gazprom Export LLC.
Gazprom Export, which sells gas at auctions in addition to long-term contracts, said contracts would be signed with 11 customers.
Gas will be supplied to clients during the winter season 2016/2017.
Like at the 1st auction held in September 2015, gas was offered at Greifswald, Gaspool and Olbernhau delivery points.
In addition to these points the customers were offered an opportunity to take gas at Baumgarten and Arnoldstein.
«Gas auctions represent a good additional opportunity to market natural gas in Europe. In addition to traditionally strong interest to Greifswald delivery point, during the latest auction about one quarter of the total volumes was sold with a delivery to Austrian Baumgarten. — said Alexander Medvedev, Deputy Chairman of Gazprom’s Management Committee. — Interestingly, not a single lot was sold at the OPAL direction. It proves that OPAL pipeline capacities are still demanded by nobody but Gazprom».
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