Conducting natural gas trading on licensed exchanges

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On October 1 the Law of Ukraine dated 20.09.2022 No. 2606-IX came into force which changed the approach to the taxation base of the extracted natural gas in Ukraine.

Now one of the indicators for determination of the rent base for extracted gas is an average price of gas, which was formed by the results of trading on the licensed exchanges in Ukraine. Thus, the rent base for natural gas will be maximally equated to the cost of gas in Ukraine as previously the rent base was tied to the cost of gas in Europe which was higher than the actual cost of gas in Ukraine.

In Ukraine natural gas can be traded on three exchanges that comply with the licenses of the regulator (the Ukrainian Interbank Currency Exchange, the Ukrainian Universal Exchange, and the Ukrainian Energy Exchange).

For understanding of the necessity of restoration of exchange trading and further forming of price indicator of gas price we ask you to provide information before 6 pm. 18.10.2022 provide information on companies willing to start buying gas at commodity exchanges by filling in a form at the following link: forms.gle/HFEY3fezpMvQdryRA