Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

Gazprom Export makes first balance-of-month sale on electronic platform

Electricity | Natural Gas (European) | Crude Oil | Naphtha | Metals

Market Movers Europe, Jun 24–28: Commodities focus on Middle East tensions, OPEC meeting

Natural Gas

Platts Inside FERC Bidweek Watch

Commodities | Energy | Electric Power | Emissions | Renewables | Natural Gas | Natural Gas (North American)

Northeast Power and Gas Conference

LNG | Natural Gas | Shipping | Tankers

LNG prices could double if Strait of Hormuz closed: Platts Analytics

Gazprom Export makes first balance-of-month sale on electronic platform


Latest deal shows increase in ESP sales flexibility

Total sales since year-start up to 241 million cu m

2019 sales focused on Gaspool delivery in February

London β€” Gazprom Export on Thursday sold the first-ever balance-of-month gas volumes on its Electronic Sales Platform, or ESP, as the Russian company continues to add more flexible products to its electronic sales.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

It sold a total of 24 million cu m for January delivery to the German Gaspool hub, the first time gas had been sold for delivery within the same month of the auction.

Sales continue to be healthy on the ESP since the start of the year. Total volumes sold are now 241 million cu m -- the equivalent of close to 50 million cu m/d across the five daily auctions so far in 2019.

The majority of the sales this year have been for February delivery to Gaspool, with a small volume sold for March delivery to Gaspool and some gas sold for February delivery to the German NCG hub, the Arnoldstein interconnection point and the Slovakian virtual trading point.

The balance-of-month sale follows the first ever day-ahead sale on the ESP last month, with 0.7 million cu m sold for delivery to Gaspool.

Gazprom Export said a standard framework contract was being prepared that would allow day-ahead sales on a regular basis.

The total volume of gas sold on the ESP -- which started in late September 2018 as a mechanism for selling gas outside of Gazprom's traditional long-term contract model -- is now 1.88 Bcm.

The volume remains small compared with Gazprom's total sales in Europe and Turkey last year, which CEO Alexei Miller said would reach some 201 Bcm, but is an evidence of new selling behavior by the Russian gas giant.

Gazprom Export has sold gas via the ESP in three waves to date. The first was for delivery of gas in Q4 2018, the second for delivery predominantly in January 2019, and now a third wave.


Gaspool VTP Slovakia Arnoldstein NCG Total
Jan 4, 2019 29.1 12.9 17.4 59.4
Jan 7, 2019 3.9 4.2 9.7 17.8
Jan 8, 2019 43.7 16.2 3.9 3.9 67.7
Jan 9, 2019 9.7 9.7 19.4
Jan 10, 2019 63 9.7 3.9 76.6
Total 149.4 52.7 34.9 3.9 240.9

The sales process continues Friday with gas on offer for delivery in February and March to Gaspool, the German NCG hub, the Baumgarten interconnection point in Austria (and its alternative Austrian delivery points) and the Slovakian virtual trading point.

It remains to be seen whether this third wave of auctions will push delivery periods out beyond March into Q2.

-- Stuart Elliott,

-- Edited by Ikhhlaq Singh Aujla,

LNG Daily

Platts LNG Daily is vital reading as LNG supply dynamics continue to evolve in major markets including Japan, China, the Middle East, India, Australia, South America and the US. Click the link below to see how this publication can help meet your business needs.

Free Trial