Business news from Ukraine

Business news from Ukraine

December results of energy trading at UEEX: electricity and other resources

Over the past month, UEEX held 182 trading sessions in the BETS, 82 auctions for the purchase and sale of electricity in the Electric Power version of the BETS, and 4 trading sessions each day on the short-term natural gas market.

According to their results, 2552.56 thousand MWh of electricity, 188.29 thousand tons of oil and gas condensate, 15.73 thousand tons of liquefied gas, 165.22 million cubic meters of natural gas were sold. In addition, in December, 184 auctions were held in the “Unprocessed wood and lumber” segment. The total volume of sales in this area amounted to 321.81 thousand cubic meters.

“December confirmed the steady demand for UEEX exchange instruments in key areas. Despite the difficult situation in the power system, we ensured the continuity of trading and continue to improve trading procedures and digital solutions to ensure that the market remains transparent, competitive and predictable,” said Oleksandr Kovalenko, UEEX CEO.

GTSOU bought 128 mln cubic meters of gas at UEEX

“In January-July 2024, the Ukrainian Gas TSO purchased 128.1 million cubic meters at the Ukrainian Energy Exchange (UEEX), the company’s press service reports.
According to it, the operator concluded 82 agreements with 18 sellers, in particular, in July, GTSOU bought 29.9 million cubic meters at the UEEX, concluding 18 contracts with 10 sellers.
“The operator is interested in expanding the range of counterparties and building long-term mutually beneficial relations with the market. The company plans to actively offer participants a full list of procurement products, in particular to non-resident participants with the delivery of “border of Ukraine” and with the delivery of UGS “customs warehouse”,” the statement said.
GTSOU provides natural gas transportation to consumers in Ukraine and the European Union.

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