3 Apr 2024 14:59

Russian Energy Ministry expects to launch energy market in Far East on Jan 1, 2025 - dep minister

KAZAN. April 3 (Interfax) - The Russian Energy Ministry expects to launch an energy market in the Far East from January 1, 2025, Deputy Energy Minister Pavel Snikkars told reporters on the sidelines of TEF-2024 forum.

"We are converging entirely on this matter. Negotiations are underway at government level. We expect that an energy market in the Far East will launch on January 1, 2025," Snikkars said.

The Energy Ministry hopes to resolve this issue in the coming days, he said.

Russia's energy system is currently divided into two price zones and a number of non-price zones, and isolated territories, thereby creating problems with updating capacity outside the price zones as they are not subject to capacity supply agreements (CSA).

The Energy Ministry in July last year published a draft government decree on the phased inclusion of the territories of the Far East, Komi, and Arkhangelsk Region in the price zones of the energy market. Accordingly, the Far East would be assigned to the second price zone in Siberia, and Komi and the Arkhangelsk Region to the first price zone in the European part of Russia and the Urals.

Russian Energy Minister Nikolai Shulginov told reporters on March 20 that the opportunity to launch an energy market in the Far East on July 1, 2024 had been missed.

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