Gazprom Marketing & Trading concluded the first deal for CO2 trading on the European market.

The deal of gas and CO2 trading for electric power was concluded between Gazprom Group’s Gazprom Marketing & Trading and Deeside Power Limited. Said deal of Gazprom Marketing & Trading was completed within the Company’s strategy for presence expansion on the Europe’s electric power market.

Reference:

Gazprom Group’s Gazprom Marketing & Trading was established in the Great Britain in 1999 which has all necessary licenses for gas supply to final consumers in the different industrial sectors.

Deeside Power is a UK based trading unit with International Power. International Power is one of the leading electric power suppliers on the world and European markets.

CO2 trading is accomplished under the Kyoto Protocol. The Kyoto Protocol has been ratified by Russia on October 22, 2004 and on February 16, 2005 it came into force. The main goal of the Kyoto Protocol is to force all industrial countries to reduce emissions of greenhouse gases up to 5.2 per cent below their 1990 baseline over the 2008 to 2012 period.

Increasing electric power production from environmentally safe energy sources and their purchasing is a way of getting an opportunity to sell quotas.