The beginning of October was successful for gas contracts for the Joint Venture Poltava Petroleum Company (PPC), which sold more 10 million cubic meters of gas.

On October 9 and 12, the company sold a resource of October in the amount of 0.6 and 2.7 million cubic meters respectively, another 3.7 million cubic meters of November resource was sold on October 12. Favourable trend continued in the current week. On October 16, 3.5 million cubic meters were put up for sale of October resource and 2 million cubic meters of November resource; sold 2.35 million cubic meters of October resource and 1.5 million cubic meters of November resource.

The weighted average sale price of the October resources of the PPC company last week amounted to 11939 UAH per thousand cubic meters. Regarding the November resource, the company was the first seller on the trading platform and formed the starting price of a monthly resource of UAH 12031 per thousand cubic meters, and according to the results of two trades, the price of the resource of the November is 12041 UAH per thousand cubic meters.

"We were pioneers of natural gas exchange trading on the platform of the Ukrainian Energy Exchange, where we have been selling our resources since January 2017. The UEEX trading platform is an effective channel for natural gas sales and other energy resources, which allows us to form the market price of goods and create organized transparent markets" - notes the CEO of PPC Victor Gladun.

PPC is one of the largest non-state oil and gas companies in Ukraine. The company’s field of activity is the search, exploration, production and preparation of oil and gas. PPC belongs to the British oil and gas company JKX Oil & Gas Plc.