MOSCOW, February 10. Russian pipe companies hope that the increased demand of Gazprom in the large diameter pipes (LDP) in 2016 by 15% compared to 2015 – to 2.4 million tons, said on the sidelines of the Adam Smith Fund Director of development pipe industry Oleg Kalinskiy.
“Last year, the pipe manufacturers have put in the address of “Gazprom” 2.08 million tons of LD pipe. In the middle of 2015 it was noted that the gas monopoly may buy in 2016 about 2.4 million tons Is a good amount, and we hope plans for the purchase of pipes,” said Kale.
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On Tuesday “Gazprom” has signed with leading Russian pipe companies TMK, OMK, CHTPZ, “Izhora pipe mill” – agreement on formula-based pricing for large-diameter pipes for the period 2016-2018, This agreement is a Supplement to the agreement on the application of the price formula for LDP, existing between the gas monopoly and the recorded 2012, in which to determine price formula companies used the index method.
Due to the unstable economic situation in 2015, pipe companies and Gazprom switched to “manual mode” the determination of the price. In 2015 year on the background of significant changes in economic conditions pipe manufacturers together with “Gazprom” worked on improving the formula and mechanism for the calculation of the market price level at intervals of 1 time per quarter.
The result of these efforts was the signing of the document on February 9, formula-based pricing on large diameter pipe.
The new version of the formula allows to generate fair prices along the whole chain of costs taking into account market conditions that more realistically reflect the cost structure of pipe manufacturers. For manufacturers this would mean the possibility of more accurately plan its production and economic activity. Thus, the signed agreement will allow to create a stable framework of producer responsibility across the value chain.
