
An electronic platform for natural gas trading is to be created in Moldova.
It will be operated by SRL BRM East Energy, a subdivision of the Romanian Commodity Exchange. This follows from the materials of the National Energy Regulatory Agency of Moldova (ANRE), which released a draft decree on the creation of this platform at the proposal of Moldovatransgaz, a Moldovagaz group company. The platform for natural gas trading is planned to be approved for 3 years. BRM East Energy, in its operation of the trading platform, will comply with the requirements of the legislation on commodity exchanges and ANRE normative legal acts. 6 months after ANRE decision about creating a Natural Gas Trading Platform in Moldova takes effect, BRM East Energy will submit to the Energy Regulator the terms and conditions applicable to the trading platform and the contract concluded with the balancing entity, in accordance with Item 36 of the Natural Gas Market Rules, approved by ANRE decision. The energy regulator stresses that, according to the provisions of the Natural Gas Networks Code approved by ANRE decision, the trading platform is an electronic platform provided and managed by the trading platform operator, through which bidders can place and accept natural gas purchase/sale offers, necessary to respond to short-term fluctuations in natural gas supply or demand, according to the conditions applicable to the trading platform. As noted, on March 4, ANRE received a request from Moldovatransgaz to approve the natural gas trading platform operated by BRM East Energy. The BRM East Energy is a division of the Romanian Commodity Exchange with over 10 years of experience on the Romanian natural gas market, acting as an integrated operator for all markets: spot, forward, futures and balancing. BRM has been managing the Romanian balancing market on behalf of the National Natural Gas Transmission Company Transgaz since 2019, providing a high-performance balancing platform highly appreciated by market participants. At NARE's request, BRM East Energy submitted a number of documents confirming the performance of the trading platform. According to the documents presented, BRM East Energy will use a specialized IT platform provided by BRM for use based on a license agreement. Also, the Rules for trading on BRM platforms were presented for the two markets on which it is planned to operate on the Moldovan market, namely the spot market (next day market and intraday market) and the market of standardized products in the medium and long term. BRM East Energy also presented the fee for access to the trading floor for system users in Moldova, which will be 0.010 Moldovan lei (MDL) per each MWh sold between 2022 and 2024. In the argumentation of its request, Moldovatransgaz reported that it conducted a number of actions to identify the trading floor, both in Moldova and abroad. The Ukrainian Energy Exchange was examined and the prices approved by the Committee of the Ukrainian Stock Exchange for natural gas trading were 0.3 euro/IOOO m3 (equivalent to 0.58 MPL/MWh). Given the crisis in the region, Moldovatransgaz could not consider potential cooperation with this exchange at this stage. Also, the Universal Commodity Exchange of Moldova was analyzed, which, according to Moldovatransgaz, has low activity and no energy transactions are conducted on this exchange. Given the stage of development of the natural gas market, as well as the request of the balancing operator to apply interim measures until the implementation of the Natural Gas Networks Code, the ANRE Administrative Board plans to approve the natural gas trading platform operated by BRM East Energy for a period of 3 years, with the possibility to extend the term. // 18.03.2022- InfoMarket.