Grounds works for introducing a system of commercial balancing of the natural gas market in Russia

Its implementation should encourage new patterns of exchange trading

Head of FAS Department for Regulating Fuel-and-Energy Complex, Dmitry Makhonin, discussed the issue at a meeting with representatives of Austrian gas-transportation companies on 11 October 2017 in Moscow.

Earlier, on 15-19 May 2017, Vienna (Austria) hosted a workshop to studying the experience of organizing gas-supply in Austria for Russian market players and infrastructure bodies.

The three-year experience of cooperation with Austrian gas suppliers showed that  the companies showed a creative approach implementing experiences of gas supply systems in the UK, Holland and Germany achieved high results in improving the national gas market. In 2016, 95% of the gas consumed in Russia was sold through the exchange and at broker sites in the course of electronic trading, which considerably reduced the staff numbers, and current asset costs.

Thanks to targeted efforts of “OMV” and “CEGH”, Austrian Baumgarten hub  started playing a significant role in gas supplies not only for Austria, but also for the states in the Central and South-Eastern part so the EU.

Currently, based on the information obtained during the workshop in Austria, “SPIMEX” JSC, jointly with the leading market players is devising a new scheme of exchange trading.

Austrian specialists, in their turn, seek to study experiences of companies supplying gas to consumers, located at considerable distances from the gas sale points.

They are interested in the principles of antimonopoly regulation of companies in the fuel-and-energy complex of Russia; the system of tariff regulation over gas-transportations entities; the experience of collaboration between the leading gas producers in Russia with gas transportation and distribution companies; evaluations given by exchange trading participants to the schemes when the parties automatically are assigned the right for access to the gas transportation system and gas transportation, and the prospects of developing the business of independent producers; and forecasts on their involvement in supplying gas to the EC markets (including liquefied natural gas).