Oleksii Dubovskyi at the Ukrainian gas forum 2019

At the 5th Ukrainian Gas Forum, which took place on October 9-10 in Kiev, domestic and international experts noted the successful steps of Ukraine and the potential not only to develop the trading sector, but also to become a gas hub.

Experts has marked that:
- Ukraine has finally started to carry out the process of unbundling;
- competition in the natural gas market has appeared;
- the market transparency has increased.

Oleksii Dubovskyi, Chairman of the Board of CE Ukrainian Energy Exchange, took part in the Gas Forum. In the speech, he noted that the gas market is in a state of sustainable development. Now the integration process is on: significant progress has been made in completing all technical processes of interaction between the exchange’s trading platform and the GTS Operator’s information platform. Therefore, in the near future market participants will be able to settle their imbalances at market prices on the exchange, which will relieve the additional financial burden on customers of transportation services and the GTS Operator. Chairman of the Board noted the growth of trading volumes in all exchange markets of CE UEEX. Exchange quotations for natural gas have already become a recognized benchmark, they correlate with the prices on the main hubs. Oleksii Dubovskyi also expressed readiness to enter the market with a single standardized contract based on EFET.

Today, the dynamics of the energy market development allows us to look in the future with confidence: Ukrainian Energy Exchange participates in projects of the EBRD, USAID, and conducts negotiations with European exchanges to implement the best exchange practices.