Gas auctions: a new instrument in Gazprom’s policy

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Series Details 08.09.2016
Publication Date 08/09/2016
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Gazprom Export (a subsidiary of Gazprom) held a gas auction for European customers between 29 August and 2 September. Eleven contracts, mainly with gas traders and small consumers, were signed as part of the auction.

This was already the third auction of this kind held in the past twelve months: the first one took place on 7–10 September 2015, and the second on 15–17 March this year. The first auction only envisaged supplies via the Nord Stream gas pipeline, the second one was targeted at the Baltic states, while the last one envisaged supplies to an increased number of delivery points than that set at the time of the first auction: Greifswald, Gaspool and Olbernhau but also in Baumgarten and Arnoldstein.

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Related Links
ESO: Background information: The OPAL pipeline: controversies about the rules for its use and the question of supply security.
ESO: Background information: Gas business as usual? The new agreements between Gazprom and EU energy companies
ESO: Background information: Sefcovic sheds light on Nord Stream 2 negotiations

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