Next Quarter (Q3) will have 66% higher Gas Prices than Q2 KUB (CAD) / TPNEF (USD) looks even better with Ukraine Gas prices rising to 18,000 MCM (valuta is UAH). 18,000 MCM in September (Cubic Meters, Before VAT/Taxes) according to the table on the website and last quarter was an average of $6.50 MCF (Cubic Feet, After VAT/Taxes) in the MD&A Q2. This was with an average 9,400 MCM (April - June) on the website. Meaning Gas prices will be up with 66% in Q3 (upcoming numbers) compared to Q2. KUB uses no hedges.
In Q2 2021 KUB made 500K USD profit. RK field with electricity was only online for half the quarter, 100K profit, but using the numbers it can be 200K USD so 250K CAD in profit. This means that the Gas business was 500K CAD profit with all 'fixed costs' included and September is more than double the Gas prices (after VAT/Taxes).
I look forward to next Quarter (Q3) with the average at 15,600 MCM (July - September) compared to 9,400 in Q2. A 66% increase.
Please see the link:
https://www.ueex.com.ua/eng/exchange-quotations/