Gazprom Marketing & Trading
Some key facts about Gazprom Marketing
Our main office is in Kingston upon Thames, London.
We were established in the UK in early 1999, to optimise Gazexport's portfolio in liberalising markets.
We currently employ more than 100 people and expect that this number will increase as we continue to expand.
Our core competencies include :
Marketing - promoting and selling gas, power, carbon and oil to counterparties, power stations and large industrial users and small to medium enterprises.
Trading - trading at several locations in Europe, bringing liquidity and guaranteed reserves to the market.
We have over 80 customers - which consist of banks, energy wholesalers, large industrial users and power generators.
We reported substantial growth in 2006, with turnover of £1,486 million compared to £594 million in 2005.
In 2006 we had an operating profit of £23.5 million compared with £17.8 million in 2005.
Gas sales in 2006 increased to 28.0 bcm compared to 4.1 bcm in 2005.
We manage a 10% stake in the Interconnector, a range of storage contracts together with other short to long term arrangements.
We have a diverse team drawn from more than 30 countries, the vast majority of whom are experienced energy professionals.
We now supply a rapidly increasing number of retail customers.
We continue to provide competitive and innovative solutions and currently trade a wide range of physical and financial energy products.
In 2006, we completed our first carbon trade in the UK and are actively developing our trading capability in order to optimise our portfolio. To achieve this, we are working closely with our affiliated companies; Gazprom, Gazprom Bank and Gazprom export.
Trading gas means that we have exposure to power and carbon. This is because price movements in certain commodities cause a “knock-on effect” in other markets. The exposure on a wide variety of products is something we handle on our customers’ behalf, particularly independent power producers who look for a single multi-commodity transaction.
Our customers benefit from our comprehensive knowledge of energy market conditions and our trading flexibility.
What is carbon offsetting?
Carbon offsetting allows you to offset your carbon emissions by buying Carbon Credits generated by projects which have reduced carbon emissions. These Carbon Credits are then retired, i.e. taken out of circulation. Businesses or individuals wishing to offset their carbon emissions can buy carbon emissions offsetting services from Gazprom Marketing & Trading Retail (GM&TR).
What do you buy?
We will help you to offset your carbon emissions by arranging for an equivalent number of Carbon Credits (otherwise known as Certified Emissions Reductions or CERs) to be retired from our UK registry account. GM&TR will provide you with a certificate that records details of the Carbon Credits being retired. When retiring Carbon Credits for you, we will ensure that these Carbon Credits cannot be used or traded by anyone else and ensure there is no double counting of carbon emission reductions.
Under the Kyoto Protocol, certain "developed" countries have been given targets to reduce their carbon emissions over the period 2008 - 2012. To help reduce carbon emissions and promote sustainable development in "developing" countries that do not have a Kyoto target, the Kyoto Protocol introduced a number of flexible mechanisms such as the Clean Development Mechanism (CDM).
Under the CDM, businesses from "developed" countries with Kyoto targets are allowed to undertake and invest in emission reduction projects in "developing" countries. For each metric tonne of carbon dioxide (CO2) equivalent saved as a result of the project, a Certified Emissions Reduction unit (CER) will be issued to the project; these can then be retired or sold to businesses with a Kyoto target.
CERs are only