The beginning of April was marked by the volatility of trade on European exchanges, spot prices of supplies of the next day and during the day began to decrease rapidly. However, after the holidays and with the advent of warming the projected fall in prices did not happen, they were growing rapidly at all sites. In general, all energy resources have risen in price because of a number of geopolitical and economic factors. Baumgarten and Hungary remained the most expensive gas hubs on spot prices.

Average daily spot prices and prices for the next gas month on NCG, EUR / MWh


The situation in Ukraine is not very different. In April, Ukrainian Energy Exchange held 21 trade sessions in natural gas, 94 agreements were concluded for the total amount of 168 333 875,80 UAH. Prices for an April resource ranged from 8 455 UAH/thousand cub. m to 8 871 UAH/ thousand cub. m. The price of April for today is 8 647,78 UAH/thousand cub. m., and in May - 8 753,68 UAH/thousand cub. m. Recently, Naftogaz offers a significantly more expensive resource than extractive companies trading on the Ukrainian Energy Exchange. 20.04.18 NAK Naftogaz of Ukraine published a new price list effective from May 1, 2018, as compared to April prices, May increased by 5,2-5,5% (in the previous release of Naftogaz the increase was assumed at the level of 7,4 – 9,8%). The balancing price, which will be applied by Ukrtransgaz during the provision of services for balancing in March and in the calculation of the level of financial provision from April 16 to May 15, 2018 is 11 949,60 UAH/thousand cub. m.



In the last week of April, Ukrainian Energy Exchange launched an active trade in natural gas from the resources of April and May. In particular, PAT "Ukrnafta" debuted at trades, which before directed all its resource to "Dniproazot" under the contract of lease of manufacturing capacities. During the week, Ukrnafta sold 8 million cub. m of April gas. Also, a new company with its own resource – TOV "TAS Energiia Krainy" - appeared on the UEEX. During the last week there were many proposals for April gas from other participants, and prices in the weekend decreased compared with the prices of the beginning of the week by 100-150 UAH/thousand cub. m.