In the “Medium- and Long-Term Market” section of the UEB, trading continued for July and August 2026 resources. In total, nine companies placed bids to buy or sell natural gas: Ukrnafta, GPK Naftogaz Trading, the Ukrainian Gas Transmission System Operator, LTK Electrum, and others. In total, 4,350 thousand cubic meters of natural gas—for July and August 2026—were sold in the section via the GTS and UGS facilities.
In the UEB’s short-term natural gas market, participants submitted bids on the intraday market and the “day-ahead” market. A total of 56 trades were concluded, with a combined volume of 1,551 thousand cubic meters.
This week, European gas contracts rose in price again. The M+1 TTF rose in every session: from 48.8 euros/MWh at the close of the previous Friday to about 57 euros/MWh on the morning of July 17 (+15%). The main drivers were the resumption of hostilities between the U.S. and Iran and new risks to shipping through the Strait of Hormuz. The status of the strait and differences in interpretation remain highly contentious. The market is once again assessing not only the actual availability of Qatari LNG, but also freight rates, insurance, and shipowners’ willingness to call at ports in the region.
Natural gas imports from Europe stood at 1.6 million cubic meters per day.
