lpg - · anticorruption bureau of ukraine, the antimonopoly committee of ukraine, ministry of...
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www.ueex.com.ua
UEEX was created in April 2010 as an innovative project of Ukrainian specialists of the exchange industry, as well as financiers, lawyers, economists, IT specialists, whose main purpose is launching and functioning of spot and forward markets, exchange trading of energy and electricity in Ukraine. Main trading sections: Oil products, Liquefied gas (LPG), Natural gas, Coal products, Insolvent banks property sale. Trading with State Company PAT "Ukrgasvydobuvannya" take place in a separate section. UEEX introduced a new trading tool – differentials trading and a number of services for market participants. As of today on the UEEX is being traded: 15-20% of all Ukrainian LPG market 3-5% of all Ukrainian oil products market 5-6% of all Ukrainian coal market Ukrainian market is premium for importers The Exchange offers an opportunity to sell resource "just-in-time"
Ukrainian Energy Exchange is a leader in the exchange services market of Ukraine
The mission of CE "UEEX": creation of reliable, transparent and effective mechanism of market-based energy trading on the domestic and external market of Ukraine taking into account specifics and peculiarities of the country and increase energy security of the country.
Ukrainian Energy Exchange is a member of: European Business Association
Working directions
PAT "Ukrgasvydobuvannya"
LPG Oil products
Oil & gas condensate
Oil products electronic trading
Auctions for the sale of LPG for population
needs
Coal products
Insolvent banks property sale
Developing directions
Electrical energy
Auctions for the sale of LPG in the domestic
market
Natural gas (Intra-Day and Day-Ahead Market)
Natural gas (private)
Sales volume
> 22 billion UAH
oil products 940 thousand tons LPG 280 thousand tons coal 1,8 million tons
Concluded
> 13000 contracts
Registered
600 companies
100% of contracts concluded on the Exchange ended with real delivery of products
natural gas 100 million cubic meters oil 41,5 thousand tons raw material 10 thousand tons
Realized:
Ukrainian Energy Exchange – leader on the exchange services market of Ukraine
Trading sessions
> 500
4
Main customers of UEEХ
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797
170
0
100
200
300
400
500
600
700
800
900Gasolines
Total production
UEEX sales
21,3%
714
156
0
100
200
300
400
500
600
700
800Diesel Fuel
Total production
UEEX sales
1475
280
0
200
400
600
800
1000
1200
1400
1600
LPG
Market balance
UEEX sales
15% 21,8%
31,3
1,65
0
5
10
15
20
25
30
35
Coal
market balance
UEEX sales
6%
373258
136500
197000
0
50000
100000
150000
200000
250000
300000
350000
400000Total sales
Spot Forward (TERM) Import/export
1 100 1 000
2 500
1 100
3 700
100 700
150
8 100
600
9 100
4 400
100
14 500
7 000
5 900
5 000
150
5 600
100
5 000
Exchange volumes of sales, thousand cubic m
Natural gas
Starting 2017 CE "Ukrainian Energy
Exchange" began to hold natural gas trading
on the forward conditions. Resource is sold
by large companies and global players.
Developing trading in natural gas on the
terms of the forward with discount /premium
to spot price that enables hedging of the
guaranteed volume of deliveries with a
binding price formula (basis for the
introduction of futures).
UEEX trading instruments
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Contracts on the spot conditions (exports, imports, domestic market ) Contracts on the forward conditions(exports, imports, domestic market) for a period of month, quarter, six months, year Forwards on the differentials (TERM contracts) (export, imports, domestic market ) Spot contracts and Differentials (spot and forward) with reference to quotes from Thomson Reuters, Platts and Argus,
where the participants are trading at a premium /discount on the date of delivery /payment
In the fall of 2016 UEEX was the first in Ukraine to hold trading of TERM contracts with reference to the quotes from Platts and Argus on the domestic market and for export.
www.ueex.com.ua
From 2017 UEEX has joined the system ProZorro.Sale. Electronic platform of UEEX on realization of insolvent banks property connected to the ProZorro.Sale. - https://sale.ueex.com.ua/
Sale property of insolvent banks
The process of insolvent banks withdrawal from the market is continuing in Ukraine for several years and may last until 2024. Of the total number 85 of 182 banks deemed insolvent. The carrying value of the assets of insolvent banks estimated at $ 16 billion.
0
500000
1000000
1500000
2000000
2500000
3000000
Sale of insolvent banks property
www.ueex.com.ua
Trading results are published by the international news agencies and Ukrainian industry publications, in particular in
respect of petroleum products and natural gas, such as Thomson Reuters, Argus, Oilnews, Nefterynok.
Exchange quotations
Market monitoring tools
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Price quotation Thomson Reuters
www.ueex.com.ua
Market monitoring tools
Main monitoring tools: - Exchange quotations - Netbacks Today CE "Ukrainian Energy Exchange" in conjunction with Thomson Reuters has been working on the creation of netback for the Ukrainian market of petroleum products and LPG.
The following state bodies use UEEX quotes as price references: State Fiscal Service of Ukraine, the National Anticorruption Bureau of Ukraine, the Antimonopoly Committee of Ukraine, Ministry of Energy and Coal Industry of Ukraine and others.
Due to the fact that the Ukrainian market is the premium for the non-resident exporters of petroleum products into Ukraine and the fact that the market is very sensitive to the prices on the adjacent markets, seasonal demand and maintenance at plants, it is advisable to develop and implement an internal index for the Ukrainian market.
www.ueex.com.ua
Services Buyer has the opportunity to schedule shipment of products purchased in the system of "Electronic queue" and calculate the cost of oil products and liquefied gas delivered by auto using "Trucking calculator".
UEEX offers everyone the opportunity to subscribe for updated exchange quotations.
Separately UEEX publishes on its website an informer with the results of trades. This informer can be downloaded to display on your own website.
Also Mass Media has the opportunity to be accredited to access the PP "BETS" with the status of "Observer" and to the trading room of the exchange.
The exchange provides its clients with access to analytical information that is available in personal account on the website.
Specialists of the exchange conduct training in PP "BETS" for new bidders and improve the overall level of qualification of current members. Special free training program at the Training center have been developed by UEEX.
www.ueex.com.ua
Trucking calculator - delivery guarantee
Electronic Trading System
Anonymity of participants and absence of any contact among them until completion of trading eliminates any possible corruption schemes. Software Product "Electronic Exchange Trading System" (PP BETS) has been developed by leading UEEX and IT specialists who have deep knowledge and experience in developing exactly electronic exchange platforms. When developing PP BETS was taken into account feedback from participants in various commodity markets, as well as domestic and international experience of electronic exchange trading.
CE “UEEX" has its own modern electronic trading system - a scalable complex of information technology solutions, which provides the interaction between buyer, seller, the exchange and clearing bank through electronic channels of communication at all stages of exchange transaction conclusion.
The server part of the PP BETS is allocated in a modern data center, which meets the requirements Uptime Institute Data Center Site Infrastructure Standard TIER III.
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Electronic Trading System
CE Ukrainian Energy Exchange operates a clearing system and a risk management system of transactions executed on the Exchange. In particular, it collects collaterals from the participants of the Exchange before the trading session and establishes trading limits accordingly. Also, the Exchange also uses "e-line" SW to monitor implementation of obligations under transactions.
100% of transactions concluded on the Exchange ended in a real supply of goods.
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Electronic Trading System
Trading is performed in the form of a counter-anonymous auction
Trading in the Internet on the base of Electronic Trading System (ETS)
ETS works within the limits of participants’ collateral
Prices are formed solely on the basis of supply and demand in the course of trading
Trading modes: - Auctions - Spot trading - Forward contracts trading - Derivatives trading - Differentials trading
www.ueex.com.ua
Electronic queue (a delivery monitoring tool) At CE Ukrainian Energy Exchange operates a system of control for shipments from oil depots and factories. PP "E-queue" allows to get to monitor shipments online, control balances and to document warehouse stock. The system has the ability to integrate all accounting systems of the enterprises
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www.ueex.com.ua
Success factors
Free & equal access to all comers
Transparent competitive conditions for participants
Clear bases and criteria for pricing
High quality products
Clear delivery terms
The Exchange’s tasks
Establishment of exchange trade of short-term contracts - Intra-Day Market and Day-Ahead Market in the domestic market, on
interconnectors and storages
To launch futures energy market
Development of tools for the introduction of derivatives trading and risk management mechanisms and implementation of exchange
transactions clearing in the spot market and the derivatives as well as OTC contracts (OTC Deals)
To increase stakes of exchange energy markets up to 15% of the market
To ensure functioning of competitive, liquid and transparent energy markets for the formation of indicative prices in energy
markets and improve the investment climate and image of Ukraine
Korosten’
Mukachevo
Ports
www.ueex.com.ua
Thank you for being with us on an irrevocable path of progress and change for the better!
CE "UEEX" team