Natural gas trading results in October 2024

Last month, PP BETS held 23 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.

171 starting positions were formed in the PP BETS for resource trading in October, November 2024, and subsequent months, in the GTS and UGS. In total, 162.17 million cubic meters of natural gas were sold on the medium- and long-term market. In the short-term market, 2.9 million cubic meters of natural gas were sold.

On the medium- and long-term market, the price of positions sold in August was in the range of UAH 14486.56-15780 excluding VAT. There were price fluctuations with an upward trend by the end of the month. The initiators of the auctions formed starting buy and sell positions in roughly equal proportions by number.

On the short-term market, exchange rates fluctuated daily within a narrower range of UAH 14,480-15050 excluding VAT. Gas of Ukraine placed bids for the sale of natural gas in this segment as part of gas sales under production sharing agreements.

“Last month, trading in natural gas at the UEEX was stable on both the medium and short-term markets. Most of the companies initiating the trades purchased and sold gas in the GTS last month. We continue to further develop the exchange natural gas market in Ukraine to ensure competitive prices and create relevant internal indicators,” said O. Kovalenko, CEO of UEEX.