Natural gas Exchange trades covers the medium and long-term market. Trades in the form of unilateral auction is provided by specialized electronic trading system.
Purchase / sale of natural gas is conducted by accredited natural gas market entities. All participants who acquired access to UEEX trades are able to work in conditions of compliance with the principles of non-discrimination, transparency and free access to the resource.
Basic terms of trades and publication of data:
- the product is natural gas in the meaning and quality characteristics that comply with the Code of the GTS of Ukraine;
- тthe trading session begins at a pre-arranged time in accordance with the submitted applications of the participants;
- trading sessions are held only on working days;
- unit of measurement of price and value: UAH/thousand cubic meters with VAT;
- the volume of the application is measured in lots, where 1 lot is equal to 1 000 cubic meters of natural gas, unless otherwise determined by the normative documents of the exchange;
- trade takes place in the GTS and/or UGS of Ukraine;
- the term of delivery is determined by the terms of the contract: a month, a quarter or another period.
The main legislative document operating on the gas market in Ukraine is the Law of Ukraine "On the Natural Gas Market". In addition, relations on the natural gas market are regulated by a number of legal acts, among which the following can be distinguished: the Code of the Gas Transportation System, the Code of Gas Storage, etc. Before participating in the auction, you need to familiarize yourself with the internal regulatory documents, namely: the Rules of the Limited Liability Company "Ukrainian Universal Exchange" and the Regulation on the organization of auctions on this market.