Joint Energy Community Secretariat - EBRD event explores establishment of a Ukrainian gas exchange

Gas
21 November 2018

On 19 November in Kyiv, foreign and Ukrainian stakeholders, including exchanges, transmission system operators, traders, regulators, government representatives and international financial organizations, gathered together to discuss the establishment of a gas exchange in Ukraine. The participants endorsed a gas exchange implementation roadmap, which foresees the establishment of a fully functional gas exchange with clearing services, as well as a blueprint of what a Ukrainian gas exchange could look like and the key steps needed to get there, developed with the support of the European Bank for Reconstruction and Development (EBRD) and the Energy Community Secretariat. The next stage of the process will be the formalisation of the cooperation between Ukrainian authorities, EBRD and the Secretariat.

Director Janez Kopač said: “It is very important that a country of this size and with such a significant natural gas market starts to consider the establishment of a gas exchange seriously. The exchange will deliver market prices, liquidity, reliability and the much needed trust among stakeholders. Needless to say, it will strengthen the importance of Ukraine as a regional gas transportation hub.”

In Scope:

  • Ukraine Ukraine