KYIV. Aug 22 (Interfax-Ukraine) – Smart Energy has held the first auction for natural gas sale through the Fabrikant.ua online trading platform, the press service of the company has said.
“Some 6.4 million cubic meters of natural gas extracted in September has been sold through electronic trading. Some 13 candidates participated in the auction. The starting price amounted to UAH 6,000 (including VAT) per 1,000 cubic meters of gas. During the bidding the company successfully sold all the declared amount of gas. Other auction details, under the terms of the contract, cannot be disclosed,” a statement reads.
As reported, Smart Energy is the managing company in Smart-holding group responsible for the development of projects in hydrocarbon production and alternative energy.
The holding’s oil and gas segment includes Regal Petroleum, a British company with assets in Ukraine, as well as PJSC Ukrgazvydobuvannia and Prom-Energo Product LLC. The current stocks of Smart Energy’s gas producing assets under C1+C2 category are estimated at 39.7 billion cubic meters of gas and 4.5 million tonnes of condensate.
