Global Markets

Novatek and Rosneft trying to block Gazprom on SPIMEX – media report

Russian energy companies Novatek and Rosneft are trying to stop Gazprom from increasing the volume of gas it sells on the SPIMEX, local media has reported
By Staff reporter 22 November 2017 0 28505

Russian energy companies Novatek and Rosneft are trying to stop Gazprom from increasing the volume of gas it sells on the St. Petersburg International Mercantile Exchange (SPIMEX) in 2018, Russian media has reported.

The Kommersant newspaper quoted anonymous sources who took part in a meeting organised in mid-November by Russia’s Federal Antimonopoly Service to discuss gas trading on SPIMEX.

At the meeting, Rosneft reportedly said "the condition for further liberalisation of the market is the creation of equal conditions for access to infrastructure and consumers"...