Smart Energy Group started selling its production via UEEX

Smart Energy Group started selling its production via UEEX
Smart Energy Group of companies expanded its opportunities of selling natural gas, gas condensate and LPG by partnering with Ukrainian Energy Exchange (UEEX).

Search for new platforms to sell production and beginning of cooperation with UEEX are firstly explained by novelties in industry-specific legislation, introduced last year. In particular, it goes about the decision taken by NKREKP to introduce changes into the Gas-Transport System Code about daily gas balancing at natural gas market. It shall come into effect since 1st of March 2019.

«We have conducted a big preparatory job for switching to daily gas balancing. Thus, we determined for ourselves that Ukrainian Energy Exchange has been so far the only trade platform, which developed necessary tools  meeting the requirements of most gas market participants in terms of daily gas balancing. Accordingly, with the beginning of new procedure implementation we reckon on steady process of natural gas selling via UEEX», - noted Anna Potapushkina, the Head of Sales Department in Smart Energy.

As of now, Smart Energy has already conducted trades of LPG sale via Ukrainian Energy Exchange.

Reference

Smart Energy is a part of Smart-Holding in charge of implementing exploration projects, commercial development of the hydrocarbon deposits.

Oil & Gas business block of Smart Energy is represented by gas producing Ukrgazvydobutok (Kharkiv region) and Regal Petroleum, a listed British company having assets in Poltava and Kharkiv regions (Prom-Energo Product).

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