SPIMEX has launched daily trading of gas

SPIMEX has launched daily trading of gas


As stated in SPIMEX, per diem bidding will allow to improve considerably the precision in the formation of the gas balance and to reduce costs.

MOSCOW, 26 Jan. The first trading session in the section “natural Gas” delivery “on the day” took place at the St. Petersburg international Mercantile exchange (SPIMEX), the trading volume amounted to 200 thousand cubic meters of gas at the balance point “COP Nadym”, is spoken in the message exchange.

The average cost for two exchange-traded contracts amounted to 2720 rubles per thousand cubic meters.

“In order to Refine the process chain at the initial stage it is planned to hold trading sessions in the section “natural Gas” in the mode of delivery “on the day” once a week. Gas supply under this regime is carried out on the second day after the auction”, — stated in the message.

According to SPIMEX, per diem bidding will allow to improve considerably the precision in the formation of the gas balance and to reduce the costs of the diversion of working capital for bidders.

The first exchange trading with natural gas took place on 24 October last year at SPIMEX in Moscow. To date, the auctions were carried out once a month with delivery in the next month. In the first session of the trading volume amounted to 21 million cubic meters, according to the results of the second session in late November — 198,4 million cubic meters.

Trading volume for delivery in November on 23 October increased compared with the previous results, the September trading session, 25% to 1,634 billion cubic meters.