CAN EXISTING STOCK MECHANISMS SHAPE REAL PRICE INDICATORS?
ROUND TABLE DISCUSSION
15:00-17:00 October 10 2024
CONFERENCE HALL A1–A3, LEVEL 3
Organisers:
Russian Gas Society, Union of Oil and Gas Producers of Russia, SPIMEX, ExpoForum International
Moderator:
Pavel Zavalny
First Deputy Chairman of the Committee on Energy, The State Duma of the Federal Assembly of the Russian Federation, President, Russian Gas Society Sergey Trofimenko
Managing Director, Gas & Power Markets, St. Petersburg International Mercantile Exchange Speaker:
Александр Широв
Член-корреспондент РАН, Директор института народнохозяйственного прогнозирования
Larisa Selyutina
Adviser to Deputy Chairman, Central Bank of the Russian Federation
Vitaly Khatkov
Head of Department 817, Gazprom
Vadim Simdyakin
Member of the Gazprom Management Committee, Head of Department
Artem Verkhov
Director of Gas Industry Development Department
Elena Tsyshevskaya
Head of Department for Regulation in the Sphere of Housing and Communal Services and Chemical Industry, Federal Antimonopoly Service of Russia
Ilmir Zaripov
Head of Gas Sales Office, Gazprom Mezhregiongaz
Alexey Belogoryev
research and development director, Institute for Energy and Finance
Igor Maksimtsev
Rector, St. Petersburg State University of Economics
DISCUSSION:
Gas exchange trade started to grow in Russia 15+ years ago. This was a thorny and inconsistent path which involved changing of trading venues and trading rules, too. However, we can say that gas trade at the St. Petersburg International Mercantile Exchange is getting a more relevant factor. Companies use the exchange prices to set prices of their own, and the exchange rates follow seasonal fluctuations in demand and changes in market conditions. At the same time, up to now natural gas is the only energy source that the State controls prices for.The Federal Antimonopoly Service of Russia is working continuously to increase exchange sales of gas. Their new propositions are intended to establish fair price indices for fuels. With exchange auctions, the market will become more transparent and prices will be more predictable. According to the experts, bringing about sale increase is going to be quite a task, though.