ANATOLY GOLOMOLZIN: COAL PRICES WILL BECOME TRANSPARENT

Deputy Head of FAS took part in a Round Table on legislative support for developing the coal industry

The event took place on 22 March 2019 in Kemerovo with participation of the Energy Committee of the State Duma, the Government of the Kemerovo region and coal companies.

Deputy Head of FAS Anatoly Golomolzin took pat in the meeting via video-conferencing. He outlined the work of the Antimonopoly Service to execute the Order of the President of Russia to fulfill the National Competition Development Plan together with the Ministry of Energy and coal companies.

FAS has been organizing session of the Coal Sub-Committee of FAS Exchange Committee and Working Groups sessions since 2017on a regular basis.

“The work that we do under the frame of the Road Map in the coal industry is designed to develop on-exchange trade with coal of all grades, coal derivatives, and increase efficiency of coal procurement and reduce market entry barriers”, pointed out Deputy Head of FAS.

Anatoly Golomolzin discussed the work of the Coal Sub-Committee of FAS Exchange Committee, including: the Guidelines for establishing off-exchange price indicators is refined in the part of establishing price coal indicators per ton of coal equivalent in domestic supplies in Russia; the Guidelines for establishing off-exchange coal price indicators in the part of establishing coal price indicators per ton of coal equivalent for export supplies is under development; “SPIMEX” JSC (http://spimex.com/indexes/coal/data/) has been publishing territorial price indices by coal grades per ton of coal equivalent on its official web-site since October 2018; the question of establishing and publishing price indices by coal grades for export supplies is under consideration.

“FAS has also drafted amendments to a decree of the Government of the Russian Federation on registering off-exchange transactions in the part of registering the transport component in coal prices, enabling to collect data to form the transport price index. Also, FAS is discussing with the regions application of off-exchange coal price indicators in tariff regulation, and to form initial public procurement prices. Based on expert analysis, the foundation is laid for a pilot project for sale of long-flame coal through on-exchange trade. Efforts are also being undertaken to form coal price indicators to launch a pilot project for coal derivatives trade in April 2019”, added Deputy Head of FAS.