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Decree No. 19 of the Cabinet of Ministers validating the Regulation on the procedure for organizing and conducting exchange auctions for the sale of natural gas of own production to meet the needs of economic entities whose main activity is the production of food products of significant social importance.

Country/Territory
Ukraine
Document type
Regulation
Date
2022
Source
FAO, FAOLEX
Subject
Energy, Food & nutrition
Keyword
Natural gas Business/industry/corporations Contract/agreement Processing/handling
Geographical area
Black Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia
Entry into force notes
This Decree shall enter into force on the day of its publication and shall be valid until April 30, 2022.
Abstract

This Decree determines the mechanism of organization and conduct of exchange auctions for the sale of natural gas of own production to meet the needs of economic entities whose main activity is the manufacturing of food products defined in paragraphs three, five - eight, sixteenth and seventeenth list of goods of significant social significance, according to the list approved by the Ministry of Agrarian Policy and published on its official website. In order to assist buyers in purchasing natural gas, sellers are obliged to participate in bidding on a monthly basis within 20 percent of their own natural gas production. The volume of natural gas of each of the sellers to be put up for sale in the respective calendar month is determined as a percentage of the volume of own natural gas produced in the calendar month preceding the auction month from the total volume of natural gas declared by consumers in the respective month for consumption in the following month, but within 20 percent of the natural gas produced by each seller in the month preceding the month of the auction. Buyers have the right to purchase natural gas at auction exclusively for the purpose of its supply to consumers on the basis of natural gas supply contracts concluded with them in the amount necessary exclusively for the manufacturing of food products. The existence of such contracts on the date of the auction is checked by the supervisory committee.

Full text
Ukrainian
Website
zakon.rada.gov.ua