PJSC Ukrnafta sold 41.5 mln m3 of natural gas produced in May through open auctions and bilateral contracts. The company sold 18 mln m3 at the average-weighted price of UAH 9,145 per 1,000 m3 at six auctions at the Ukrainian Energy Exchange. The rest of the gas was sold at the average-weighted price of UAH 9,194 per 1,000 m3 through bilateral contracts.
Ukrnafta has been selling gas through open auctions and bilateral contracts since April 2018. The prices are in line with the average market prices at the time of sale. The company will continue to review our gas sales strategy to maximize value as market conditions change.
In May 2018, production of gas increased by 6% month on month to 88.7 mln m3. The volume of commodity gas was 45.9 mln m3.
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