On February 25, 2021, the Natural Gas Section Council was established at the Ukrainian Energy Exchange. It included representatives of the GTS Operator, gas producing companies and supplying companies, namely: JSC Ukrtransgaz, МЕТ Ukraine LLC, LLC GSC Naftogas of Ukraine, LLC Gas TSO of Ukraine, LLC D.Trading, JV Poltava Petroleum Company, LIMITED LIABILITY COMPANY EGAS, LLC Gas Supply Company Naftogaz trading, DE Trading, LLC ERU TRADING. Among the Council’s priorities is comprehensive support for the development of the exchange in the framework of natural gas trading.

The Section Council will prepare proposals on current issues related to the organization of exchange trading, clearing, settlement and delivery procedures, risk management mechanisms, development and implementation of new trading technologies and exchange instruments. Also, the Section Council will participate in the development of programs for training specialists of the exchange market.

Among the tasks of the Council is the implementation of interaction with the exchange on the organization and development of exchange trading and other services of the exchange, assistance in taking into account by public authorities of the opinion of the Section Council in the formation and implementation of state policy in the energy industry, in the field of exchange trading, clearing and settlement activities, etc., preparation of joint events and discussions on topical issues in the development of the energy industry. In particular, the Council will conduct an expert assessment of new projects of the exchange, the introduction of new trading instruments, and develop proposals aimed at preventing price manipulation on the exchange and other abuses, and makes recommendations on them for the authorized authorities of the exchange.

"The creation of the Section Council is evidence of the introduction of innovations for the development of the exchange market in the gas segment. The Council will allow for more closely interacting with market participants for the development of new developments aimed at development, introduction of new technologies and products, in particular, at the request of market participants",- mentioned Oleksandr Kovalenko, CEO of UEEX.