Exchange obligation related to natural gas – analyses and evaluation Cover Image

Giełdowe obligo gazowe – próba oceny
Exchange obligation related to natural gas – analyses and evaluation

Author(s): Łukasz Wojcieszak
Subject(s): Law, Constitution, Jurisprudence, Energy and Environmental Studies, Present Times (2010 - today), Financial Markets
Published by: Akademia Leona Koźmińskiego
Keywords: Exchange; obligation; gas; assessment;

Summary/Abstract: The article deals with the origin and purpose of the exchange obligation related to natural gas (an obligation to sell some of the natural gas on an exchange), it shows specifics of this regulation as well as related requirements. Further the paper presents what effects it had to implement exchange obligation and what was the reason to introduce it. According to the author the regulation is a right solution in the Polish law but its level should be less than 10%. The exchange obligation was introduced already in 2012 and this is considered as unpremeditated action with the main aim to weaken the dominant role of the gas company PGNiG. The regulation is a step in the right direction to liberalize gas market in Poland though this tool wasn’t appropriate for the market at the time it was introduced. However, notwithstanding the introduction of exchange obligation, diversification of routes and sources to supply natural gas will have the major impact on gas trading via exchange.

  • Issue Year: 8/2016
  • Issue No: 4
  • Page Range: 137-152
  • Page Count: 16
  • Language: Polish