Russia plans to sell gas at commodity exchangesRussia plans to turn to gas spot. Premier Dmitry Medvedev signed the 566th Act on organized gas bidding in the Russian Federation.According to the new act, gas sales will be provided in registered electronic trade systems. The Russian government expects that it will contribute to development of spot trade in physical volumes. To develop market principles of gas price setting, gas spot trade will be provided according to the federal law on organized bidding.
Russia plans to turn to gas spot. Premier Dmitry Medvedev signed the 566th Act on organized gas bidding in the Russian Federation.
According to the new act, gas sales will be provided in registered electronic trade systems. The Russian government expects that it will contribute to development of spot trade in physical volumes. To develop market principles of gas price setting, gas spot trade will be provided according to the federal law on organized bidding.
