Natural gas trading results in April 2024

Last month, PP BETS held 24 trading sessions for the purchase and sale of natural gas on the medium- and long-term market, and 4 trading sessions each day on the short-term market.

275 starting positions were formed in the PP BETS for trading in April, May 2024 and subsequent months, in the GTS and UGS facilities. In total, 140.74 million cubic meters of natural gas were sold on the medium and long-term market. On the short-term market, 1241 thousand cubic meters of natural gas were sold.

On the medium- and long-term market, the price of sold positions in April was in the range of UAH 11415-13388 excluding VAT. There was a pronounced upward trend in prices throughout the month.

On the short-term market, prices fluctuated between UAH 11360 and UAH 13230 excluding VAT during the month.

In April, SC Gas of Ukraine started offering state gas on the UEEX short-term market on a daily basis in accordance with the Procedure for the use (sale) of a part of the output that remains in state ownership under the production sharing agreement (natural gas), increasing liquidity in this area. However, if we consider all segments of the UEEX natural gas market in a complex, the greater intensity of trading continues to be in the long-term market.

“We welcome a new company from Naftogaz Group on the short-term market. In April, the UEEX recorded an increase in activity in this area. We hope that in future the exchange will remain a convenient mechanism for determining the current market price for both gas obtained through production sharing agreements and gas obtained from other sources. We invite market participants to join the exchange trading, because only by balancing the interests of numerous sellers and buyers can we get a representative price indicator,” - commented on the trading results CEO of UEEX O. Kovalenko.