(+6.3%)The Association of Gas Producers of Ukraine presents the current information on the Ukrainian and European gas markets.
The average spot price was 48.612 EUR/MWh ($533, or UAH 22 449 per thcm).
The average futures price at the TTF hub (Month-Ahead), excluding the last day, was 47.955 EUR/MWh ($526, or UAH 22 145 per thcm).
Over the past month, the spot market price has increased by 8.3%, while on the futures market, it has risen by 6.8%. The price difference between these derivatives has reached 1.4%.
During January, 85.6 million cm were sold on the exchange. Of these: 0.3 million cm of Ukrainian gas at a weighted average price of UAH 16 045 excluding VAT and 85.3 million cm of imported resource at an average price of UAH 24 837.
99.6% of the total trading volume was accounted for by the UGS Operator, which purchased imported resource with delivery during February–March 2025.
In total, since 2022, 3.423 bcm have been successfully sold on the Ukrainian Energy Exchange (excluding GMU).
Active gas withdrawals from underground storages continue across the continent. The reasons remain unchanged: cold weather, lack of wind, and increased industrial consumption.
European Commission President Ursula von der Leyen announced that an energy roadmap aimed at reducing gas prices in the EU is set to be presented in February, which will also include a complete phase-out of Russian fuel.
Due to regular Russian attacks on gas sector facilities in recent months, Ukraine has intensified imports.
In January, 75.4 million cm were transported to Ukraine, which is 62% less than in December 2024. Of this volume, 60% came from Hungary and 40% – from Moldova.
Non-resident companies continue to use the short-haul service, particularly at border points with Moldova in January. Transit via Ukraine allows them to optimize logistics costs and ensure uninterrupted resource supply.
Taking into account the specifics of gas transportation, 48.9 million cm physically remained in Ukraine in January.