Policy & Regulation

Regulator doubles Gazprom’s SPIMEX gas sales cap

Gazprom will soon be allowed to double the amount of gas it can trade on Russia's SPIMEX exchange, the country's regulator has said.
By Staff reporter 13 April 2018 Europe & Russia / Policy & Regulation 0 30425

Russia’s Energy Ministry and the Federal Antimonopoly Service (FAS) have agreed to double the limit placed on Gazprom’s sales of gas on the St. Petersburg International Mercantile Exchange (SPIMEX), Interfax has reported.

“Following a meeting with Energy Minister Alexander Novak, a decision was made to increase the threshold for sales of gas that Gazprom can sell on the exchange. [Currently] it is 17.5 billion cubic metres per year, [but] we agreed [it]will be increased to 35 bcm/y,” FAS Deputy Head Anatoly Golomolzin told Interfax on Thursday.