Pressreleases
On November 19, 2021, CMS Ukraine organized an English language webinar for non-residents on trading Natural Gas in the Customs Warehouse Regime in Ukraine, which was joined by about 70 leading gas traders from Western and Central Europe. Lisse Geert van Vliet, Business Developer at the Ukrainian Energy Exchange (UEEX), presented the new product and trading.
Around two weeks ago, UEEX together with the Ukrainian natural gas Storage System Operator (Ukrtransgaz) launched a new product that allows trading natural gas stored by Ukrtransgaz under the tax-free customs warehouse regime via e-platform of UEEX. The service, introduced on November 1, 2021, is expected to arouse high interest among gas market participants. Accreditation is ongoing.
Following introductory remarks by Vitaliy Radchenko (CMS Partner and Head of Energy & Projects) and presentation by Agneta Kutselim (Director of Commercial Activities Department at Ukrtransgaz), Mr. van Vliet explained the details of the new trading possibility at UEEX. His presentation was followed by an extensive Q&A session, which again underlined the broad interest of participants in the new product.
Some clarifying answers entailed that there will indeed be the possibilities for whitelisting of trading partners and that the system will be available fully in English. Trade is standardized to the extent that the Ukrainian Customs Warehouse Storage Appendix is used, which can be found as one of the Annexes in the Regulations for trade in the customs warehouse regime at UEEX. Trade will be carried out in EUR and using m3, while application for trade must be provided with the fixed price.
More information can be found on the accreditation page for access to natural gas Exchange trades (customs warehouse). Besides the Regulations and a link to the Accreditation platform, a presentation that explains gas trade in UGS in the customs regime "customs warehouse" can be found. Additionally, the instructions for creating an application for participation in trading sessions of the exchange in the information platform of the gas storage operator of Ukraine (implementation of the Voluntary Refusal mechanism) are located the page.
UEEX remains open to all the wishes of participants, which will allow us to make the products more useful and in demand. Therefore, feel free to contact us with your recommendations for improving our services and products.
