The cost of natural gas on European hubs (Day-ahead):

TTF – 191.35 EUR/MWh ($2 069) (-0.8%)

THE – 191.96 EUR/MWh ($2 075) (-0.8%)

CEGH – 192.60 EUR/MWh ($2 082) (-1.7%)

PEG – 119.70 EUR/MWh ($1 294) (+1.6%)

The cost of natural gas on European hubs (Futures month September):

TTF – 193.11 EUR/MWh ($2 088) (-1.5%)

THE – 193.55 EUR/MWh ($2 092) (-1.7%)

CEGH – 194.64 EUR/MWh ($2 104) (-1.7%)

PEG – 135.11 EUR/ ($1 461) (-2.1%)

Ukraine is the leader in Europe in terms of ratio to production - British Petroleum (2020)


According to the annual British Petroleum Statistical Review of World Energy 2020, Ukraine continues to lead Europe in terms of reserves to production ratio (R / P), second to Norway in proven natural gas reserves indicator and fourth in terms of gas production.

The survey also notes that 118.7 trillion cm of gas or 1.7% of world reserves are based in the European energy region, which includes Ukraine.

Over the last 9 years, the portion of the European region in world reserves has fallen from 3.1% to 1.7% and today 70% of world gas reserves are based among the countries in Central Asia and the CIS. Beyond that, during this period there is a decline in gas production compare to consumption among European countries.

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