Gulf Oil and Gas accountACCOUNT

Gazprom Export’s Gas Auction for Baltic States Completed

Source: www.gulfoilandgas.com 3/18/2016, Location: Asia

The auction of Gazprom Export for sales of natural gas for the Baltic States conducted on March 15–17, 2016 has ended successfully. This sales mechanism supplements the system of long-term contracts. As a result of the auction, deals for 80 lots with 6 clients were concluded, with a total volume of over 420 million cubic meters of gas sold.

“We have managed to sell more than three-fourths of the whole volume offered for the Baltics, to earn additional revenues, and to gain valuable experience,” said Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee.

“The auction's results demonstrated that a niche for auction gas trade exists, and that this trading scheme can successfully work on the Baltic market too. We are satisfied with the results of our second gas auction, and we will use this model for the other European gas markets as well,” said Elena Burmistrova, Director General of Gazprom Export.

Natural Gas News in Russia >>

Brunei Darussalam >>  3/30/2020 - Aker Solutions, in a joint venture with PTAS Sdn Bhd, has signed a five-year agreement to provide offshore maintenance and modification services to Br...
China >>  3/25/2020 - McDermott International, Inc. announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable* contrac...

Azerbaijan >>  3/19/2020 - SOCAR and Norway’s Equinor have confirmed a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.