Bloomberg has learned about plans to introduce dynamic pricing on Europe’s gas exchange, and Gazprom has warned of halting gas exports in case of price controls – these and other important news for Monday morning, October 17, in our daily review.

The European Commission is preparing on Tuesday, October 18, to adopt a package of measures to curb gas prices, including a temporary mechanism to limit prices on the EU’s largest gas exchange in the Netherlands (TTF) through dynamic pricing. This is reported by Bloomberg with reference to the draft document on measures to contain prices. It is planned that it will be discussed at the summit of EU leaders on October 20-21 in Brussels.

Gazprom will consider a possible limitation of the marginal cost of Russian gas a breach of contract and will not supply fuel to countries that support this decision, said the head of the company Alexei Miller.

U.S. President Joe Biden is busy assessing the status of relations with Saudi Arabia after it, along with Russia and other OPEC+ members, agreed to cut oil production. This was stated by Biden’s national security adviser Jake Sullivan, he was quoted by Reuters.

SPX Exchange will do everything possible to ensure that the shares of Hong Kong companies remain available to unqualified investors. This was stated by the head of the trading floor Roman Goryunov on the sidelines of the Ural conference of NAUFOR, writes RBC. “They will not be treated. We hope that they will not be treated. It is clear that the task is for the infrastructure to be independent. But this is still a draft instruction, it has not been adopted yet,” Goryunov answered the question whether the description about friendly securities in the draft document of the Central Bank refers to Hong Kong shares, which are traded on the SPX Exchange.

The reason for stopping production at the Sakhalin-1 project (it was managed by a consortium of American ExxonMobil (NYSE:XOM), Indian ONGC, Japanese Sodeco and Rosneft (MCX:ROSN) under a production sharing agreement) was the refusal of the project operator – American Exxon (30% share) to ship oil to Sovcomflot (MCX:FLOT) tankers. This was reported by Kommersant, citing sources familiar with the situation. Production at the project stopped in May, although shipments from the Sakhalin-2 project continued in a similar situation.