OSLO May 19 Russian gas giant Gazprom (GAZP.MM)
has signed up to trade carbon products at Nordic power exchange
Nord Pool, one of Europe leading carbon trading markets with 130
"We have built multi-commodity trading capability and now
trade globally in products such as gas, power, LNG and carbon,"
Keith Martin, director of front office operations at Gazprom
Marketing & Trading, said in a statement on Nord Pool on Monday.
"We seen the carbon market as one of great significance for
us going forward, so becoming a member of Nord Pool is an
important step in building our market presence," Martin said.
Gazprom began carbon trading in 2006 and recently signed a
major deal with Japan's Marubeni Corp (8002.T), Nord Pool said.
Nord Pool, the single power market for Norway, Denmark,
Sweden and Finland, said it is the largest power derivatives
exchange and the second largest exchange in European Union
emission allowances (EUAs) and global certified emission
reductions (CERs) trading.
Over the first two months of 2008, Nord Pool traded and
cleared 33.7 million tonnes of EUAs and CERs, more than triple
the volume from the same period a year ago.
(Reporting by Wojciech Moskwa)