CE "Ukrainian Energy Exchange" launched a new information trading platform for making deals on the OTC market

On September 7, 2018, CE "Ukrainian Energy Exchange" launched a new information trading platform for making deals on the OTC market. Poltava Petroleum Company concluded the first deal, sales volume amounted to 500 thousand cubic meters, resource of August.

"We’ve launched the OTC platform on July 10, 2018 in the test mode and during this time, more than 120 companies were trained to work in it. This platform is an example of introduction in Ukraine the best natural gas trading practices, which have been working in EU countries for decades. OTC platform will help create a new natural gas price indicator, and subsequently develop a natural gas price index, which will be based on exchange and OTC deals. All this is done to make the market transparent and that is why we provide free of charge access to the OTC platform to all our clients. The OTC platform is the first step to introduce a fully-featured daily balancing, after the information platform of Ukrtarnsgaz JSC is put into operation, the exchange will be able to start full-fledged work of the trading platform on the daily balancing market.", said Oleksandr Kovalenko, CEO of CE "UEEX".

"For us, this is another convenient channel to sell natural gas, which allows effectively communicate with customers and sell the resource at a fair price. We will continue to conduct classic auctions on the exchange and between them - offer a resource with a premium to the auction on the information platform to meet the demand for everyone interested. With such a platform, we will always remain in contact with the market and understand the fair market price.", - noted Director of the commercial department of PPC, Andrii Dovganiuk.