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Stock trading to serve as market pricing mechanism of EAEU common gas market
The procedure for gas stock trading as part of establishing the EAEU common gas market was discussed by representatives of the Eurasian "five" countries’ authorized bodies jointly with stock market operators at a consultation held on August 17.
"The document has a high degree of preparation. In fact, there are only several outstanding issues", - stressed Vadim Zakrevsky, Director of the EEC Energy Department.
During the meeting, the sides considered the issue essential for the Member States of separating trading sessions for the common and internal markets, and discussed issues of clearing and licensing trading participants and the currency of exchange commodity prices.
"The stock trading is proposed to be used as one of the market pricing mechanisms in the common gas market", Vadim Zakrevsky noted.
For reference
The procedure for gas stock trading as part of establishing the EAEU common gas market is included in the set of regulatory framework for starting the Union’s common gas market, where the International treaty on establishing the Union’s common gas market is the key document. Along with that, the Stock trading procedure is considered as a kind of model project, whereby some mechanisms for liberalizing gas trading in the common market are planned to be perfected at the first stage of establishing the Union’s common gas market. The Stock trading procedure will be in effect prior to enacting the gas trading rules in the Union’s common gas market, the development and adoption of which is scheduled for 2023.
