Business news from Ukraine

SALE OF ENERGY ON UKRAINIAN ENERGY EXCHANGE GROWS BY 36% IN 2018

4 January , 2019  

Sale of energy on the Ukrainian Energy Exchange in 2018 grew by 36%, to UAH 15 billion.
According to a posting on the website of the exchange, a total of 34 million tonnes of various types of energy (coal, fuel, liquefied gas, crude oil, methanol and other resources) and 160 million cubic meters of natural gas were sold.
The number of deals grew by 32% in 2018, from 7,500 to 9,900.
“Last year, the Ukrainian Energy Exchange significantly expanded the circle of participants in the BETS electronic trading system, of which there are now 654,” the exchange said.
The exchange also recalled that in September 2018, it launched an information trading platform for entering into transactions on the OTC market (daily gas balancing). It sold 4.4 million cubic meters of gas.
At the beginning of December 2018, the exchange posted the first lots for the sale of licenses for the use of subsoil issued by the State Service of Geology and Mineral Resources of Ukraine. Bids for participation in these auctions are already being accepted.