Ukraine enters top 20 Europe’s best gas hubs

Ukraine enters top 20 Europe’s best gas hubs

Ukraine has for the first time entered top 20 Europe’s best gas hubs, according to the ranking by the European Federation of Energy Traders (EFET).

Ukraine took 18th position in the ranking, the press service of the National Joint-Stock Company Naftogaz of Ukraine reports.

EFET included Ukraine in the annual review of gas hubs for the first time. Ukraine scored 3.5 points, going after such liquid hubs as NBP, TTF, NCG but leaving behind Bulgaria and Romania, which started to liberalize their gas markets much earlier than Ukraine.

"To improve its standing in the EFET rating, Ukraine should set tariffs for the entry-exit points of GTS, introduce daily balance settlement and start using short-term standardized products on the trading platform within daily balancing," Naftogaz press service noted.

The European Federation of Energy Traders (EFET) was founded to facilitate the work of the European wholesale energy markets and involve traders in the decision-making process. EFET unites about 100 electricity and gas traders from 27 European countries.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period: