The Association “Gas Traders of Ukraine” acted as the initiator of launching Commodity Exchange “Ukrainian Hub”

The Association “Gas Traders of Ukraine”, which has more than 30 energy traders companies, acted as the initiator of launching a new field of electronic stock trading energy for traders Commodity Exchange “Ukrainian Hub”.

On the commodity exchange “Ukrainian hub” it is planned to conduct trading on sections “Natural gas”, “Liquefied gas” and “Petroleum products”.

Andriy Myzovets, the President of the Association “Gas Traders of Ukraine” commenting on the launch of a new field told:  “With the active development of the gas market in Ukraine, its liberalization, the expansion of geography, and the number of participants, the Association decided to maintain the initiative of creating a new exchange platform for which there is a request to traders. There would be created alternative indicative prices, improved rules of exchange trade alongside current exchanges. Thus, we would come to the liquidity of stock marketplaces.  We expect that the sales of gas through the public markets will increase in the coming years. Therefore today it is necessary to launch all competitive products, options that will be in demand by the market: spot, balancing, etc.  The main purpose of which we all should strive is the creation of an East-European Gas Hub in Ukraine. “

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