Ukrainian Energy Exchange Trading Shows Decrease in Natural Gas Prices

On 21 May, three companies, namely PPC, Ukrainian Drilling Company and Kraft Energy, put up for sale total of 3 million cu. m. of natural gas. The weighted average starting prices were about 7000 UAH for the resource of June, 6990 UAH for the resource of May and 6990 UAH for the resource of UGS. It should be noted that there was a high level of competition at the trades for the resources sold in the context of their types.

According to the results of the trading session, the gas resource of June 2019 was sold at the weighted average price of 6860 UAH, which is 260 UAH or almost 4% less than the resource price of June in the previous trading session. Thus, the weighted average cost of one thousand cubic meters of the resource of June, as of May 21, according to the results of all previous contracts is set at 6939 UAH per thousand cubic meters.

"All three companies-initiators are regular participants of the exchange trading in the direction of "Natural Gas" at the Ukrainian Energy Exchange. Today, among other things, it was once again proved the effectiveness of the trading sessions merger into one to increase competition and reduce the financial burden on participants. Decrease in prices is fully in line with pan-European trends and once again confirms the high level of interconnection between the Ukrainian and European markets", - commented on the results of the last trading session CEO of the Ukrainian Energy Exchange Oleksandr Kovalenko.