News

19 December 2018

Gazprom Export successfully concludes a day-ahead gas sales deal on the Electronic Sales Platform

On December 18, 2018, within the closed session, Gazprom Export LLC successfully concluded the first gas sales deal on day-ahead basis.

Currently, a standard framework contract is being prepared that will allow performing such deals on a regular basis with all interested clients. Gazprom Export reckons that the introduction of new flexible sales instruments, like day-ahead contracts, will attract additional interest to the company’s products. The template of such contract will be published on the company’s website in the nearest future.

 

Background
The Electronic Sales Platform is designed to physically sell natural gas to the European consumers, in addition to supplies under existing contracts. Gas sales through the ESP started at the end of September, 2018. Over the first 3 months of operations on the ESP the company has sold more than 1.6 bcm of gas having signed contracts with more than 20 clients.

 

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