Oleksii Dubovskyi spoke as a speaker at the Ukrainian Gas Open 2021

On Thursday, June 10, Oleksii Dubovskiy, Chairman of the Exchange Committee of the Ukrainian Energy Exchange, took part in the Ukrainian Gas Open 2021 conference. He spoke with the topic of the presentation: “Functioning of the energy exchange in Ukraine. Liquidity. Clearing Development”.

This event, like other events organized periodically by the Energy Club, attract the attention of representatives of key companies participating in the market, government authorities, international organizations, both as speakers and as participants. Oleksii Dubovskyi presented the main results of UEEX’s activities in recent years, noting the expansion of international partnership.

Since one of the key areas of the exchange’s work is the natural gas market, the Chairman of the UEEX Exchange Committee spoke about the exchange’s success in increasing the liquidity of the long-term market, attracting new participants to trading, and separately drew attention to the short-term natural gas market, which was launched last year. “The exchange has been in existence for 11 years, but the most rapid growth is focused precisely on the last years of the market’s existence,” - he said.

Oleksii Dubovskyi also noted that a clearing system using escrow accounts is already operating at UEEX. “We understand how real clearing should work in Ukraine, but it should be borne in mind that it will require significant improvements in Ukrainian legislation, in sectoral regulations, in the model of the OGTSU and operational balancing processes for all participants.”- he added.

The Ukrainian Energy Exchange is a member of the Energy Club, on an ongoing basis UEEX representatives participate in events organized by the club. The exchange is open for dialogue with market participants in general and within the framework of this platform, and in the future it seeks to maintain feedback in order to build a truly effective competitive environment.