News in brief

Gazprom M&T sources Brazilian CERs

Gazprom Marketing & Trading (GM&T), the UK-based subsidiary of Gazprom, has signed a six-year agreement with biomass power plant Propower do Brasil to acquire Carbon Emission Reduction (CER) credits awarded to Propower's renewable energy biomass power generation plant in Guarapuava, Brazil under the Kyoto Clean Development Mechanism (CDM).

GM&T also agreed to assist Propower with financing to invest in other Brazilian CDM projects, which will generate additio