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Gazprom’s auction for European gas export to take place in August

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Gazprom’s auction for European gas export to take place in August

In September 2015, Gazprom conducted its first auction for natural gas sale to explore the new trading instrument for gas supplied over the Nord Stream-1 pipeline.


On the 31st of August, Gazprom Export will carry out the third auction on sales of Russian natural gas to the European countries with delivery in winter season of 2016-2017, the company’s statement says, TASS agency reports on Thursday.

Similarly to the first auction, gas is to be offered in Greifswald, Gaspool and Olbernhau delivery points. There will be also a possibility for buyers to tap gas.

As a reference, in 2015, more than 40 lots of 1.2 bln cubic meters of gas was sold at the auction.

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