Oleksii Dubovskyi: free exchange trading is a catalyst for the creation of a gas hub in Ukraine

On Tuesday, May 30, the DiXi Group think tank in cooperation with the National Endowment for Democracy (NED) held a round table entitled "Gas hub: what Ukraine offers to European partners." The event, held online, brought together representatives of the Ministry of Energy of Ukraine, the Operator of the GTS of Ukraine, the Ukrainian Energy Exchange and industry experts.

During the round table, the participants actively discussed the prospects for the emergence of a gas hub in Ukraine and its potential opportunities for European partners. Particular attention was paid to identifying and overcoming obstacles that arise on the way to the creation of a gas hub, as well as further development of the Ukrainian gas market.

One of the key speakers of the event was the Chairman of the Exchange Committee of the Ukrainian Energy Exchange Oleksii Dubovskyi. In his speech, he presented his vision for the development of the gas hub and emphasized its importance for Ukraine and Europe. Oleksii Dubovskyi emphasized the leading role of exchange trading, in particular the creation of price benchmarks on the domestic market, as a liquid, open and transparent market will be a catalyst for the emergence of a gas hub in Ukraine.

"The gas hub is not only an accessible physical infrastructure, but also a commercial one. And this is free access to this infrastructure for any participant, regardless of residency. The trade component within Ukraine is provided by UEEX. We are currently relaunching the natural gas market, offering weekly and monthly standardized products to participants.

Despite the marital law in the country, taking into account that Ukraine is on the way to joining the EU, it is necessary to continue the implementation of all possible measures for the development of the natural gas market in Ukraine," said Oleksii Dubovskyi.

But in order to talk about the hub, it will be necessary to perform an incredible amount of work, in particular to solve the issues of non-residents’ access to the market, access to capacity, the issue of gas quality consistency and Ukraine’s transition to energy units and ensuring centralized clearing.

The Ukrainian Energy Exchange expresses its gratitude to the analytical center DiXi Group and the National Fund for the Support of Democracy for the initiative of organizing such an important event. We believe that the discussion of the gas hub is a step forward towards the development of a stable and efficient energy sector of Ukraine, which will contribute to the strengthening of the national economy and the development of partnerships in Europe.