Ukravtogaz a subsidiary of NJSC Naftogaz of Ukraine joined trading on the Ukrainian Energy Exchange. The first trading session with the participation of the company was held on May 23, 2019.

Ukravtogaz purchased 3.25 million cubic meters of natural gas out of 7.22 million cubic meters of natural gas, that was traded on the exchange.

The company purchased the entire announced resource volume of June 2019 at the weighted average price of 6640 UAH per thousand cubic meters.

Ukravtogaz purchased the resource at open trades on the terms of ten-day payment, at a price 323.6 UAH/thousand cubic meters lower than the price of the resource in June with advance payment established by Naftogaz of Ukraine.

"We welcome Ukravtogaz with its debut on the Ukrainian Energy Exchange. The company’s offer of the natural gas procurement was in high demand and fully satisfied. We express our hope for further cooperation with Ukravtogaz on organization of natural gas trade", - commented on the results of the trading session CEO of Ukrainian Energy Exchange Oleksandr Kovalenko.

We shall remind you that Ukravtogaz joined the Oil Division of Naftogaz of Ukraine in early 2019. Its main activity is the sale of compressed natural gas through a network of 90 automobile gas-filling compressor stations in Ukraine with a total capacity of 687.5 million cubic meters.