State Enterprise "Ukrspyrt" purchased natural gas on the platform of the Ukrainian Energy Exchange

On electronic exchange trading GAS-231117-3, which took place on November 23, 2017 State company SE "Ukrspyrt" purchased natural gas on transparent market conditions. At the trading were purchased 4.6 million cubic meters of natural gas resource December at a price of 8870 UAH for a thousand cubic meter for the total amount of 40.8 mln UAH on the terms of a payment by every ten days.

"We are pleased to see at our trading another state company that started using the best European practices for the purchase of energy resources. Bidding is the most effective way to trade in natural gas, which is used by advanced private and state companies. Today’s trading showed that the domestic natural gas market with each passing day becomes more transparent and more efficient as evidenced by the results of trades at which the State Enterprise purchased natural gas by several percent lower than the import parity, and lower than the natural gas price of NAK Naftogaz of Ukraine in the same conditions of delivery, indicating the confidence of market participants to the new management of SE "Ukrspyrt" and the new transparent mechanism for purchase "- said Deputy Chairman of Exchange Committee Oleksii Lastovets.

"Today SE Ukrspyrt sets itself the goal of completely reforming the procurement procedure by eliminating all possible corruption components.In our opinion, an exchange is the most transparent and most effective mechanism for buying / selling energy resources used by companies around the world.Today, for the first time, SE Ukrspyrt purchased natural gas from the domestic gas company. One of the key directions is the transition to the purchase of not only gas but also all fuels through an exchange.The strategic goal of Ukrspyrt is construction transparent business relations with suppliers and customers on mutually beneficial market conditions" - commented Iu.M. Luchechko.

Recall that on November 9, the State Enterprise "Ukrspyrt" and CE "Ukrainian Energy Exchange" held a joint round table with gas producers and traders of natural gas at which the terms of the contract and bidding of the SE "Ukrspyrt" were agreed.