PJSC Ukrnafta sold 43.8 mln m3 of natural gas produced in June through open auctions and bilateral contracts. The company sold 5.4 mln m3 at the average-weighted price of UAH 9,300 per 1,000 m3 at four auctions at the Ukrainian Energy Exchange. The majority of the gas was sold at the average-weighted price of UAH 9,281 per 1,000 m3 through bilateral contracts.

As we informed earlier, Ukrnafta has been selling gas through open auctions and bilateral contracts since April 2018 and sells it at the prices that are in line with the average market prices at the time of sale.

In June 2018, production of gas made up 87.3 mln m3. The volume of commodity gas was 45.9 mln m3.

Monthly production and use of Ukrnafta's natural gas in Q2, 2018

Gas allocation, mln m3

April, 2018

May, 2018

June, 2018

Total production

83.7

88.7

87.3

Commodity gas, incl.

Sold through auctions and bilateral agreements

36.9

41.5

43.8

Gas for ammonia production

--

--

Inventory

2.8

4.4

2.1

Non-commodity gas, incl.

Gas for LPG production

5.8

5.1

5.0

Gas for technical needs

17.6

15.7

14.7

Other (social facilities, technological losses, evacuated stripped gas)

3.0

3.6

3.0

Share of business partners, incl.

Commodity gas

16.5

17.3

17.6

Non-commodity gas

1.1

1.0

1.0

For more information please contact press office: +38 044 239 14 93

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Ukrnafta PAT published this content on 16 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 July 2018 10:00:01 UTC