(-6.4%)The Association of Gas Producers of Ukraine presents the current information on the Ukrainian and European gas markets.
The average spot price stood at 32.008 EUR/MWh ($395 or UAH 16 443 per thcm).
The average futures price at the TTF hub (Month-Ahead), excluding the last trading day, was 31.968 EUR/MWh ($395, or UAH 16 422 per thcm).
Over the month, the spot market price declined by 0.1%, while the futures price fell by 1.3%. The gap between the two derivatives remained minimal – 0.1%, with volatility reaching 11%.
In October, 30.7 million cm were bought and sold on the exchange at a weighted average price of UAH 20 393 per tchm e(xcluding VAT).
The sellers were: Ukrnafta (57%), Ukrnaftoburinnya (5%), and the trader Energycenter (3%). The buyers of the resource were the Gas Transmission System Operator of Ukraine (29% of imported gas) and Ukrzaliznytsia (6% of domestically produced gas).
Since 2022, a total of 4.009 bcm have been sold on the Ukrainian Energy Exchange (excluding GMU).
Throughout October, gas storage levels in the EU’s stood at around 83%. The European Commission described this volume as a sufficient buffer even in the absence of Russian pipeline gas. According to their estimates, the winter could end with storage levels remaining around 35%.
During the month, some of the countries demonstrated exceptionally high storage levels, which bolstered overall European confidence in a stable passage through the winter. A more flexible gas injection regime in UGS reduces the need for rushed preparations and helps smooth out price spikes.