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Naftogaz becomes supplier of last resort in gas market

Source : 112 Ukraine

The price offer of the company is 2 711 UAH (100,4 USD) per thousand cubic meters
20:02, 11 July 2020

112 Agency

The Ministry of Energy chose Naftogaz of Ukraine as the supplier of last resort in the natural gas market, the press service of the ministry said.

"Today, the Ministry of Energy has identified the supplier of last resort in the natural gas market. It was LLC Naftogaz Ukraine," the statement said.

The price offer of the company is 2 711 UAH (100,4 USD) per thousand cubic meters with VAT at a margin of 0%.

The corresponding decision was made today by the competition commission. Five members of the commission voted for.

In total, three companies submitted their proposals, but after a detailed examination of the documents, one of the companies was not allowed to participate in the competition.

Related: Ukraine launches gas market from July 1: What does it mean for the population?


It is reported that, according to a resolution of the Cabinet of Ministers, the selection of the winner is carried out by voting members of the competitive commission for the candidate who proposed the lowest value of the price of natural gas, at which the last resort supplier supplies natural gas to the consumer. The price should not be higher than 20% of the maximum price prevailing in the natural gas market for the previous month.

The supplier of "last resort" is a company that is obliged to supply gas to the consumer within 60 days if it is left without a supplier of the resource.

The opening of the natural gas market for domestic consumers was scheduled for July 1, 2020, but the deadline was postponed to August 1.

The head of the Naftogaz board said that a full-fledged launch of the natural gas market for the population and competition of suppliers would allow Ukrainian households to take full advantage of the low price of natural gas.

Related: Ukraine’s Cabinet delays launch of gas market for population

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