In the first half of 2020, a total of 735 million cubic meters of natural gas were sold at the auction, resources of January-June and gas in UGS, which is an absolute record for the entire period of operation of UEEX. For comparison, in the first half of 2019 a similar value amounted to 40 million cubic meters. This significant increase was achieved due to increased activity in the exchange trades of gas companies and traders, such as PPC, Smart Energy, Kraft Energy, IEC M2, etc., gas distribution system operators who purchased natural gas for production and technological losses, as well as storage and increasing sales of Naftogaz-Trading and other market participants.
In total, 126 trading sessions were held during the first half of the year, and 34 new companies were attracted to trading.Prices remained stable until the decline, and stabilized in June. At the lowest point (May 22) quotations of the resource of June amounted to 1860 UAH / thousand cubic meters. There is already a slight upward trend in line with European trends.
"In the first half of the year we managed to achieve a significant increase in trade, already now the volume of sales in the first half is higher than for the entire previous calendar year. This is a confirmation of the confidence of market participants in UEEX as a recognized platform for natural gas trade, we will continue to work on market development according to European standards." - said CEO of UEEX Oleksandr Kovalenko.