Natural gas trading results in November 2024

Last month, PP BETS held 21 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.

184 starting positions were formed at PP BETS for trading in November, December 2024, January 2024, in the GTS and UGS. In total, the company sold 360.73 million cubic meters of natural gas on the medium and long-term market, which is 2.2 times more than in the previous month. The company sold 1.2 million cubic meters of natural gas on the short-term market.

On the medium- and long-term market in November, quoted prices were in the range of UAH 13916.70-16665.00 excluding VAT. There was an upward trend in prices at the end of the month. The initiators of the auctions formed starting positions for purchase and sale in approximately equal proportions by number.

On the short-term market, exchange rates fluctuated daily within a narrower range of UAH 14300-15250 excluding VAT. SC Gaz Ukrainy formed bids for the sale of natural gas in this segment as part of gas sales under production sharing agreements.

Overall, trading activity in November increased due to increased purchases by Naftogaz Trading in the last ten days of the month.

“Last month we saw an increase in activity on the natural gas market. This indicates a high interest in exchange-traded trading instruments and efficient market mechanisms provided by the UEEX,” commented O. Kovalenko, CEO of UEEX on the results of November.