Natural gas trading results in June 2024

Last month, PP BETS held 40 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.

332 starting positions were formed in the PP BETS for resource trading in June and July 2024, in the GTS and UGS. In total, 241.5 million cubic meters of natural gas were sold on the medium and long-term market, which is 2.6 percent more than last month. The short-term market sold 943 thousand cubic meters of natural gas, which is 5 times more than last month.

On the medium- and long-term market, the price of items sold in June was in the range of UAH 12,250-1,084 excluding VAT. There was a pronounced upward trend in prices throughout the month. Participant activity in this area was high. The initiators of the auctions formed the majority of starting positions for purchase. However, the largest volume was sold by Ukrnafta under its own positions on the medium-term market - over 143 million cubic meters.

On the short-term market, prices fluctuated between UAH 12333 and 13075 excluding VAT during the month. On a daily basis, SC Gas of Ukraine generated bids for the sale of natural gas in this segment as part of gas sales under production sharing agreements.

“The figures for June demonstrate the market revival amid price fluctuations. In turn, we continue to guarantee market participants high-quality and safe trading operations and improve post-trading services,” said O. Kovalenko, CEO of UEEX.