This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
Russia: Russia's first ever gas trading post opens in Moscow01:08

Russia: Russia's first ever gas trading post opens in Moscow

Russian Federation, Moscow
October 24, 2014 at 10:43 GMT +00:00 · Published

The St. Petersburg International Mercantile Exchange (SPIMEX) located in Moscow began trading in gas stocks for the first time in its history on Friday. The post at SPIMEX is now now the largest natural gas trading post in Europe.

The step may lead to the formation of new market approaches and a decline in gas prices for consumers due to consumers being able to buy gas directly from the company and not via a broker. The session was opened by SPIMEX chairman Igor Sechin, who is also the president of energy giant Rosneft.

The opening ceremony was attended by representatives of SPIMEX members and major market players including Gazprom and the Central Bank.

Russia: Russia's first ever gas trading post opens in Moscow01:08
No Account? Sign up!
Top downloads in last 24 hours
Show more
Description

The St. Petersburg International Mercantile Exchange (SPIMEX) located in Moscow began trading in gas stocks for the first time in its history on Friday. The post at SPIMEX is now now the largest natural gas trading post in Europe.

The step may lead to the formation of new market approaches and a decline in gas prices for consumers due to consumers being able to buy gas directly from the company and not via a broker. The session was opened by SPIMEX chairman Igor Sechin, who is also the president of energy giant Rosneft.

The opening ceremony was attended by representatives of SPIMEX members and major market players including Gazprom and the Central Bank.