Ukrainian Energy Exchange
|Headquarters:||Khreschatyk St. 44a, 4th floor, 01001, Kyiv, Ukraine|
|Date of foundation:||2010|
|Chairman of the Exchange Committee:|
|Traded commodities and traded volumes:||Medium and Long-Term Market:|
Natural Gas – 154 mcm;
Oil products – 425 thousand tons;
Coal – 3.2 million tons.
|Current number of employees:||28 employees in 2018|
Ukrainian Energy Exchange (UEEX) is the leading Ukrainian exchange, which organises and conducts exchange trading in energy markets. The Exchange was founded in 2010. The main activities are trading in natural gas, oil and oil products, liquefied gas, coal and electricity.
The principles of UEEX activity are based on the implementation of effective mechanisms for exchange trading, clearing and risk management in Ukrainian energy markets, taking into account international best practices. UEEX forms national price benchmarks for natural gas and coal.
More than 900 member companies are registered at the Exchange, which provides high liquidity and representative market prices and quotations. Ukrainian Energy Exchange quotations are published by international analytical agencies including Thomson Reuters, Bloomberg and Ukrainian industry publications, recognising the impartial and transparent formation of market prices at the exchange.
The Ukrainian Energy Exchange is a member of the European Business Association (EBA), as well as the Association of Electronic and Exchange Platforms, with whom UEEX are implementing a number of projects to create exchange markets. As part of the implementation of new market models, UEEX actively cooperates with major domestic producers of energy resources and electricity, TSOs, large traders, coal mining and energy companies, government agencies and leading global exchanges.
In July 2020, UEEX, the Energy Community Secretariat, EBRD and the Ministry of Energy of Ukraine signed a Memorandum of Understanding about cooperation on the development of a gas exchange market in Ukraine. In addition, UEEX, the Energy Community Secretariat, OGTSU and NEURC have signed a Memorandum of Understanding about cooperation on the development and functioning of the liquid short-term natural gas market in Ukraine. These two Memorandums stipulate common work conditions for the development of natural gas trading at CE UEEX and for reforming the gas market of Ukraine in accordance with European legislation.