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Ukraine : DTEK signs NATURAL GAS supply DEAL with PGNiG SA
Publish Date : 01-Nov-2013
DTEK Trading has signed a natural gas supply contract with PGNiG SA. Test supplies will begin 28-31 October 2013,with maximum daily supplies of up to 3.5 mln cubic meters. DTEK keeps on diversifying fuel supplies to assure the need for its own electricity generation facilities and SCM group companies totals about 6 billion cubic meters per year.
"DTEK's reputation as a reliable supplier of energy products to European markets helped us in launching our cooperation with the largest oil and gas company in Poland", said Andrey Favorov, Commercial Director of DTEK. "Our goal is to increase business efficiency and the competitiveness of products and services. The volume of imports will be adjusted by the end of the year based on economic feasibility and technical capabilities."
DTEK Trading won a five-year license for natural gas supplies in 2012. It allowed it to take on an active role in domestic and external gas markets. The company began importing natural gas from Europe in July 2013.
DTEK is one of Ukraine’s biggest energy traders. The company’s coal is used at power plants and industrial enterprises in Europe, Asia, North and South Americas, and Africa. Its electricity is supplied to Hungary, Slovakia, Romania, Poland, Moldova and Belarus. DTEK is a full-fledged member of the European energy system and the European Federation of Energy Traders (EFET).
The Company cooperates with the key players of the European energy market: Alpiq Energy SE (Czech Republic), Axpo Trading AG (Switzerland), E.ON Energy Trading (Germany), EDF Trading Limited (the UK), and Gazprom Marketing & Trading (the UK). In order to ensure transparent sales to the end consumers in Europe, the Company established DTEK Trading SA, a subsidiary in Switzerland.
