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

TTF – 42.99 EUR/MWh ($496) (+9.0%)

THE – 43.67 EUR/MWh ($503) (+8.6%)

CEGH – 44.37 EUR/MWh ($511) (+5.7%)

PEG – 42.90 EUR/MWh ($495) (+8.3%)

The cost of natural gas on European hubs (Futures Month April):

TTF – 43.16 EUR/MWh ($498) (+7.7%)

THE – 43.75 EUR/MWh ($504) (+7.0%)

CEGH – 44.47 EUR/MWh ($513) (+6.8%)

PEG – 42.61 EUR/MWh ($491) (+7.5%)

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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