SOCAR New Energy sign term contracts with Ukrainian gas traders

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SOCAR New Energy, an exclusive supplier of Rosneft’s oil products to Ukraine, has signed TERM contracts on the supply of autogas with Ukrainian traders of liquefied hydrocarbon gas, Report informs, citing enkorr.

SOCAR New Energy intends to supply 37,000 tonnes of liquefied hydrocarbon gas to Ukraine monthly and sold the entire volume in the regime of the term contracts. Traders said that the TERMs were sold with the premium of $25 per tonne to the average monthly value of Argus daf Brest rates.

According to the newspaper, the pool of counterparties for long contracts, in particular, includes OKKO, WOG, Avtotrans, Nadezhda, SOCAR Ukraine, Evrogazgroup, BRSM-Nafta, and KLO.

The contracts will run until October 2021 inclusive. As is known, the terms of work of the previous supplier Proton Energy with Rosneft were also revised in November.

At the end of May, SOCAR New Energy carried out the first diesel fuel supply produced by Rosneft to Ukraine.

As reported, the State Oil Company of Azerbaijan SOCAR signed an agreement on the right to export Rosneft oil products to Ukraine, Poland, the Baltic countries, and other countries of Eastern Europe.