St. Petersburg exchange poised for lift-off in 2016
Gas transmission infrastructure in Russia. Gazprom sold 52.1% of SPIMEX gas in the 12 sessions. (Gazprom)
Spot trading of gas on the St. Petersburg International Mercantile Exchange (SPIMEX) started a year ago with monthly turnover in the tens of millions of cubic metres. Within a year, monthly trading volumes had topped a billion cubic metres, but this is still just a fraction of what is allowed by the regulators. Interfax talked to SPIMEX President Alexei Rybnikov about how the exchange will continue to increase turnover.
Interfax: A year has passed since the first exchange trading of gas, with 12 trading sessions held. How do you assess the results of your work on the gas market?