Naftogaz Trading makes their first sales of natural gas batches
Starting October 2018, in line with introduction of new trading model for supply of gas to industrial consumers, Naftogaz Group [the largest national state-owned oil&gas comapny-Ed.] set up a subsidiary, Naftogaz Trading Gas Supply LLC, to trade natural gas to industrial consumers.
As of October 12, 2018, Naftogaz Trading stroke their first deals with a number of domestic industrial consumers in line with the the recently-introduced trading model, that enables to adjust the domestic price for natural gas to prices cited at the EU commodity exchanges and to forex rates of UAH. One can see intra-day quotes by Naftogaz Trading
“The new trading model for sales of natural gas is flexible and convenient both to supplier and customer. The implementation of the model will help to further develop the Ukrainian market for natural gas and to comply worldwide standards”, noted Mr. Yuriy Vitrenko, Naftogaz Group’s Chief Operating Officer.