Last month, BETS PE held 118 trading sessions for the purchase and sale of natural gas in the medium and long-term market, as well as 4 trading sessions each day in the short-term market.
BETS formed 301 starting positions in January, February, March 2026, in the GTS and UGS. In total, about 66 million cubic meters of natural gas were sold in the medium and long-term market. In the short-term market, 7.05 million cubic meters of natural gas were sold.
In January, the quoted prices in the mid- and long-term market ranged from UAH 19,312 to UAH 22,640 excluding VAT. There was an upward trend in prices during the second half of the month. The initiators of the auctions formed starting positions mainly for sale.
Last month, deals were concluded in the “Transborder” section on the terms of delivery at a point on the border. The total volume under these agreements amounted to 100.44 thousand mbtu at prices in the range of 34.58 – 35.6 euros.
Natural gas was also sold using differentials from the TTF: 17 million cubic meters at a premium of EUR 7.69-9.62.
On the short-term market, exchange rates fluctuated daily in the range of UAH 19,300-22,296.99 excluding VAT with an upward trend. In addition to the intraday market, deals were concluded on the UEEX day-ahead market with a total volume of 1,351 thousand cubic meters.
“January confirmed the continued high activity on the natural gas market, despite price volatility. Although trading volumes decreased compared to the previous month, participants remain involved in transactions in the medium and short-term segments of the domestic market, unlike in December, when there was more activity in the trade of imported natural gas. The Ukrainian Energy Exchange continues to ensure the stable operation of the trading infrastructure, creating effective conditions for interaction between trading participants,” said UEEX CEO O. Kovalenko.
Turkmenistan is ready to export natural gas to European countries, said Gurbanguly Berdimuhamedov, former head of the country and current chairman of the People’s Council. He emphasized the strategic importance of cooperation with Europe in the field of energy resources, noting that the European market is one of the largest in the world.
Berdimuhamedov drew attention to the fact that Turkmenistan ranks fourth in the world ranking in terms of natural gas reserves. “I will give another concrete example: the Galkynyş field ranks first in the world in terms of gas reserves. Its reserves amount to 27.4 trillion cubic meters. These figures show that our country’s export potential allows us to meet the energy needs not only of our own, but also of our partners in the region and beyond,” the politician said.
U.S. President Donald Trump said in an interview aboard Air Force One that he wants to strike a $500 million deal with Ukrainian President Volodymyr Zelensky on access to rare earth minerals and natural gas in Ukraine in exchange for security guarantees in any potential peace settlement, The New York Post reported Saturday.
According to the publication, also present on the plane was national security adviser Mike Waltz, addressing whom Trump said: “Let’s keep these meetings going. They want to meet. People are being killed every day. Young beautiful soldiers are being killed. Young men like my sons. On both sides. All over the battlefield.”
It is noted that Vice President Vance will meet with Ukrainian President Volodymyr Zelensky at the Munich Security Conference next week.
Trump said he spoke on the phone with Vladimir Putin in an attempt to negotiate an end to the war in Ukraine.
“I’d rather not talk,” Trump said when asked how many times the two leaders had spoken. But he believes Putin “cares” about killing on the battlefield.
Ukrgazvydobuvannya (UGV) has launched two more high-yield wells with a flow rate of 270,000 cubic meters and 120,000 cubic meters of gas per day, the press service of Naftogaz Group said Tuesday. According to it, the wells are 6,200 meters and 6,225 meters deep, drilled in the same field, in the same reservoir and almost simultaneously, so they are called “twins” in technical slang.
Thanks to the use of modern drilling machines, the skill of Ukrburgaz specialists and the reduction of accidents during the work, the wells were drilled in 8 months, whereas previously it took 2-3 years.
“New seismic and drilling data allowed our specialists to create a high-quality 3D model, which is one of the best in “Ukrgasvydobuvannya” and allows us to effectively plan the directions of further development of this field. The works on the field continue, and drilling of the next appraisal and production well will be completed soon”, – Oleg Tolmachev, Head of UGV, noted.
In total, since the beginning of 2024, UGV has already put into operation seven new high-yield wells, including twin wells.
As reported, UGV launched 86 new wells during 2023, of which 24 – with an initial flow rate of more than 100 thousand cubic meters.
In 2022, UGV produced 12.5 billion cubic meters of natural gas (marketable), which is 3% less than in 2021. At the end of 2023, the company’s marketable gas production amounted to 13.224 billion cubic meters, which is 0.679 billion cubic meters more than in 2022. The target for 2024 is 13.75 billion cubic meters.
Naftohaz Ukrainy owns 100% of Ukrhazvydobuvannya.
The volume of natural gas stored by foreign companies in Ukrainian underground gas storage facilities (UGS) in the “customs warehouse” mode as of mid-June is 2.8 billion cubic meters (bcm), which is three times more than the same figure of the previous year, the press service of Ukrtransgaz said on Facebook.
Some 54 companies are currently using Ukrainian capacities, while a year earlier their number was seven.
Earlier, the company informed that as of June 1, non-residents stored 2 billion cubic meters in the “customs warehouse” mode, which is four times more than in the same period in 2019.
As reported, according to the estimates of head of Gas Transmission System Operator of Ukraine (GTSOU) Serhiy Makogon, the capacity of Ukrainian underground storage facilities that may be available to European companies at the end of the third quarter of this year will amount to about 10 billion cubic meters
Ukraine would receive income of $15 billion in five years of transit of Russian natural gas, according to Minister of Energy and Environment Protection of Ukraine Oleksiy Orzhel. “The approximate income with which Ukraine left this meeting [the meeting in Minsk on December 20, following which Ukraine-Russia-EC signed an intergovernmental protocol], is more than $3 billion for arbitration and approximately $3 billion for transit each year during five years,” the minister wrote in his column for the Ekonomichna Pravda (Economic Truth) publication on Tuesday.
“Thus, in five-year outlook, we will receive about $18 billion, of which $3 billion is ‘natural’ money – before the New Year. And this is without any enslaving conditions regarding the purchase of Russian gas,” Orzhel said.
At the same time, he said that at the meeting in Minsk the parties made significant progress, however, at present, the risk of not signing the new contract still exists.
“The protocol is not an agreement yet. In the last week of December, our companies will draft the text. But until the agreement itself has been signed, there is no transit. Can the other side change its mind at the last moment? Yes. Are we ready for this? Yes. But if this happens, Gazprom will suffer all image losses,” the minister added.
