REUTERS
The target minimum daily purchase volume is set at 10 million cubic meters, with a lot size of 1 mcm.
Until the end of February, Naftogaz Trading gas supply company, which is part of Naftogaz Group, plans to start purchasing natural gas through the electronic platform of Ukrainian Energy Exchange (UEEX), where the contractual purchase price will be determined by bidding results.
Daily purchase and selling price offers at UEEX will allow Naftogaz becoming the main market maker on the domestic market.
It is noted that Naftogaz's listing as a buyer of Ukrainian natural gas in conditions of oversupply will support domestic gas producers and promote gas extraction in Ukraine.
Gas will be purchased on conditions of its delivery in the next month following the bidding. Payments will be made immediately after the delivery is made, which will allow market players to improve own liquidity.
The planned minimum daily purchase volume is set at up to 10 million cubic meters, with a lot size of 1 mcm.
If the bidding sees success and interest from market players, the company plans to expand the volume of purchases and the range of products purchased.
The company recalled that Naftogaz Trading, a gas supply company, is actively selling natural gas on the Ukrainian energy exchange. Naftogaz's starting selling price reflects the level of import parity.