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Gazprom Export marks the 1st anniversary of its electronic sales platform

Gazprom Export marks the 1st anniversary of its electronic sales platform

Moscow, September 23 - Neftegaz.RU. According to the results of the past 12 months, Gazprom Export has sold more than 12.7 bcm of gas via the ESP, which is a significant share of Gazprom’s supply to European countries.

62 companies have already registered on the ESP and got access to 10 delivery points. The unique geography of the delivery points, that the ESP provides, enhances their liquidity.

A wide range of delivery periods is available to the ESP clients – from day-ahead to quarter-ahead contracts. The deals on the ESP can be priced in several currencies, including rubles.

“During the 1st year of its operation, the Electronic Sales Platform has proven to be an effective addition to our supplies under long-term contracts. This instrument reduces intra-day and seasonal volatility on the physical gas markets. In short-term we are planning to expand the geography of sales as well as to enhance offered terms of deliveries," said Deputy Chairman of the Gazprom Management Committee, Director General of Gazprom Export Elena Burmistrova.

The Electronic Sales Platform (ESP) of Gazprom Export 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. Since the start of operations on the ESP over 10 bcm of gas has been sold, contracts with more than 20 clients have been signed.

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