Russias Gazprom applies for electricity trading licence in Bulgaria.

By bne IntelliNews February 17, 2010
UK-registered Gazprom Marketing and Trading, subsidiary of Russia s gas company Gazprom, applied to receive a licence for trading electricity on the local market, the state energy regulator informs. Bogdan Preda, the representative of the company, explained that the company was applying for a 20-year licence. The initial volume of traded energy was planned at 50mn MWh per year, while later it could reach 350mn MWh per year. Gazproms intentions were to become a global company, trading with electricity. The expansion in Eastern Europe was part of the plan. The company also had an interest in trading with greenhouse gas emissions, but this will be the next step. The state energy regulator will take a decision on the companys application by end-February.

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