Weighted average prices of natural gas at balancing points under Month Ahead deals.
Consolidated Prices at balancing points are calculated for the following exchange-traded commodity:
- Combustible natural gas for industrial and domestic use.
Consolidated Prices at balancing points are calculated for the main exchange balancing points (BPs):
- BP CS (Compressor Station) Nadym;
- BP 622.5 km (Lokosovo);
- BP CS Vyngapurovskaya (before October 2017).
Consolidated Prices at BPs include the following indicators:
- Consolidated Price at BP is calculated monthly on the basis of Month Ahead deals made during organized trading in the SPIMEX Natural Gas Section.
- Daily Spread of the Consolidated Price at BP is calculated daily on the basis of Day Ahead or Day Off deals made during organized trading in the SPIMEX Natural Gas Section.
Consolidated Prices at BPs include excise tax and VAT at the rate established in accordance with the legislation of the Russian Federation.
Consolidated Price at BP is calculated monthly as the weighted average price under Month Ahead contracts made at particular major balancing points. The calculation of the Consolidated Price at BP does not take into account contracts made under negotiated orders.
Daily Spread of the Consolidated Price at BP is defined as the difference between the weighted average price of Day Ahead or Day Off contracts made at the balancing point and the corresponding value of the Consolidated Price at BP.
Neither adjusting factors nor transportation tariffs are used in the calculation of the Consolidated Price at BP. The only information used is contract prices and volumes. Therefore, the Consolidated Price at BP is the most precise indicator of the current average price of exchange-traded natural gas at the corresponding balancing point.