Natural gas prices on the Ukrainian market rose sharply on June 18 to over UAH 31/thousand cubic meters (including VAT), the highest level in over 550 years, since November 2,5, 24. About this testify ExPro data.
According to ExPro quotes, gas in Ukraine on Wednesday was traded at prices of 31 - 200 UAH/thousand cubic meters (including VAT), depending on the resource, and a significant part of the offers at the end of the day were at the level of 31 UAH/thousand cubic meters and above.
It is noted that natural gas prices in Ukraine have been increasing since the beginning of May 2025. In general, since the beginning of June, gas on the Ukrainian market has increased in price by 26%, and since the beginning of May - by 1,6 times.
In recent days, the rate of growth in gas prices has accelerated. For example, if the previous day the Ukrainian market was trading at prices of UAH 29/thousand cubic meters (including VAT), then on Wednesday prices exceeded UAH 500/thousand cubic meters (including VAT).
"The increase in natural gas prices in Ukraine is largely due to the increase in prices at European hubs, which on Wednesday exceeded €2025/MWh for the first time since early April 40. Gas in Europe is becoming more expensive against the backdrop of geopolitical risks, primarily the war between Israel and Iran, which may affect global supplies and demand for LNG," - the message says.
Another factor influencing domestic prices for natural gas is the consistently high demand for the resource in Ukraine, notes ExPro. Industrial consumers are actively purchasing natural gas both for the next month and to create reserves for the fall-winter. Notable buyers on the Ukrainian market are also state-owned companies such as LLC "GTS Operator of Ukraine" and LLC "Gas Supply Company "Naftogaz Trading".
In addition, the volume of gas supply on the Ukrainian market has decreased after the Cabinet of Ministers obliged PJSC Ukrnafta to sell its own gas to Naftogaz at a fixed price of UAH 12/thousand cubic meters for supply to consumers under PSO conditions.
