ERU Trading sold a record amount of gas on UEEX
October 29, ERU Trading LLC sold 15 million m 3 natural gas of November booked nomination on the Ukrainian Energy Exchange(UEEX), , which was the largest volume realized during one trading, as stated in the UEEX bulletin.
ERU Trading offered 25 million m 3 of the November booked nomination (5 lots each of 5 million m3), the starting price was 6 350 UAH / thousand m3 with payments deferred until December 31, 2019. The company was able to sell 15 m 3 of November booked nomination at the average price of 6 180 UAH / thousand m 3.
As a rule, private natural gas traders in Ukraine deliver on prepayment terms, under other payment terms, their offers may reach up to 6,000 UAH / thousand cubic meters or more. The price of Naftogaz of Ukraine for industrial consumers on November booked nominations on afterpayment is 7 755.6 UAH / thousand m 3, which is 1 500 UAH / thousand m 3 higher the price of ERU Trading. On October 30, ERU Trading put up for sale 10 million m 3 of November booked nomination at the starting price of 6 350 UAH / thousand m 3.
ERU Trading LLC is one of the leading trading companies in Ukraine, mainly engaged in the sale of imported natural gas. It is one of the five largest gas importers to Ukraine from Europe. According to customs statistics, in January-September 2019 the company imported more than 500 million m 3 of natural gas. ERU Trading is owned by the American ERU Corporation, with Yaroslav Mudriy and Dale Wesley Perry as final beneficiaries.