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Gazprom to hold second gas auction for export in December 2015

October 07, 2015, 13:04 UTC+3 MOSCOW
Earlier Gazprom Head Alexey Miller said that Gazprom was going to increase the gas offer at auctions in 2016 to 6 bln cubic meters
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© Valery Sharifulin/TASS

MOSCOW, October 7. /TASS/. Gazprom is going to hold a second auction for gas exports in December of 2015, Gazprom Head Alexey Miller said Wednesday in an interview with Rossiya 24 channel.

He did not rule out that the auction will include in the future gas volumes with expiring contracts.

"As of now we are thinking about additional volumes, although we also think about the volume with contracts that will expire soon," Miller said.

Earlier Gazprom Head Alexey Miller said that Gazprom was going to increase the gas offer at auctions in 2016 to 6 bln cubic meters. "We are going to continue the practice of gas auctions. In 2016 we will increase the volume of gas offered at the auction. We are talking about an increase of up to 6 bln cubic meters," Miller said.

As TASS reported earlier, Gazprom held the first auction in mid-September of 2015.

Gazprom export was satisfied with the results of the auction of short-term gas supply contracts, since the main objective was achieved - the selling price was higher than the price of gas under long-term contracts, than the Gaspool (trading platform in Gazprom) prices and spot prices in Europe.

Gazprom Export sold 1.23 bln cubic meters of gas for 250 mln euro during the first auction.

Following the results of the auction, 15 companies signed contracts to buy gas from Gazprom Export.

Gazprom Deputy CEO Alexander Medvedev said that "there are entirely new buyers of Russian gas." According to him, the buyers are interested in guarantees supplies above all, that is why they are willing to buy gas at a high price.

At the same time Medvedev noted that in the future Gazprom could hold auctions for other export destinations. According to him, Gazprom export is considering selling gas for a shorter period of time - gas supplies for a month. According to him, Gazprom export will be able to sell up to 10% of gas for export via the gas auction in 2016-2017.

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