Open AccessTHE PECULIARITIES OF THE LEGAL REGULATION OF ACTIVITIES OF COMMODITY DELIVERY OPERATORS IN THE GAS MARKET
Author(s) -
Marina M. Vildanova
Publication year - 2020
Publication title -
pravovoj ènergetičeskij forum
Language(s) - English
Resource type - Journals
eISSN - 2782-6902
pISSN - 2312-4350
DOI - 10.18572/2312-4350-2020-3-37-43
Subject(s) - commodity , order (exchange) , industrial organization , business , institution , investment (military) , commerce , economics , finance , law , politics , political science
This article studies the peculiarities of the legal status of the gas transportation operator under exchange contracts organizing transportation and serving as a prototype of the new law institution of the commodity delivery operator. In order to balance interests of gas sellers, buyers, and consumers, commodity delivery conditions shall be met and commercial gas balancing in the exchange and over-the-counter markets shall be implemented to ensure the fulfillment of all delivery obligations. The article addresses the implementation of the institution of the commodity delivery operator in the gas exchange market, as well as the peculiarities of commercial gas balancing aimed at 100% fulfillment of exchange contracts and reduction of market players’ costs. The role of the commodity delivery operator organizing gas transportation, metering, and monitoring of gas deliveries is important for the implementation of commercial balancing. Effective, well-balanced reforms are essential for the growth and creation of a favorable investment climate needed to modernize the gas market.