“Gazprom export” will hold a second gas auction for the Baltic States in March – BBC

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«Gazprom export” plans in mid-March 2016 to conduct a second gas auction for the supply of gas to the Baltic countries. This is stated in the announcement of the company, received by “Gazetu.Ru».

«The auction will be held OOO” Gazprom export “in the middle of March 2016. Gas supplies will be carried out in the 2nd, 3rd and 4th quarters of 2016 point Kotlovka GIS (the border of Belarus and Lithuania). There will also be offered for sale volume of gas in Inčukalns UGS (Latvia). The total amount of the proposed auction of gas will be more than 560 million cubic meters, “- said in a statement.

The company emphasized that the details of the auction, as well as the conditions of participation and accompanying documentation will be published on the relevant page of the website “Gazprom export».

It is noted that this form of sales complement system long-term contracts, ensuring energy security of Europe.

«Gazprom export” held the first auction for the sale of natural gas in September 2015 on the supply during the winter-2015/16 through the pipeline “Nord stream”. Then it was signed more than four dozen transactions in the total amount of more than 1.2 billion cubic meters of gas.

Previous reported that the German concern BASF will pay to “Gazprom» € 50 million compensation as part of the transaction asset swap between the Russian company and the German Wintershall Holding GmbH (100% subsidiary of the group BASF SE)

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