Gazprom Delivers on First Baltic Gas Auction

摘要

Gazprom announced on Friday it had "successfully" completed its first natural gas auction for consumers in the Baltic states, a small market where the Russian corporation enjoyed a supply monopoly for over two decades but is now facing competition from cheap LNG. Subsidiary Gazprom Export said it had managed to sell 420 million cubic meters--or 75% of the volumes on offer--to six clients during the three-day auction ended Thursday, which mirrored the first such auction for West European consumers in September 2015 (IOD Mar.1'16; IOD Sep.15'15).