D.TRADING

D.TRADING
Company typeGroup of private companies
IndustryTrading, Energy, Agribusiness
Founded2019
HeadquartersKyiv, Ukraine
Area served
Eastern Europe
Key people
Dmytro Sakharuk (CEO)
OwnerDTEK
Websited.trading

D.TRADING is a Ukrainian commodity trading company and a subsidiary of the DTEK energy holding (SCM Group).[1][2][3] The company specializes in trading electricity, natural gas, coal, petroleum products, and agricultural commodities. D.TRADING manages a European energy portfolio and operates in global markets through four strategic hubs located in Ukraine, Switzerland, Croatia, and the Netherlands.

As of 2024, the company actively operates across 24 countries and holds access to 22 European energy exchanges.[4] The total trading volume in the company’s portfolio reached 15.3 TWh.[5][6][7][8][9]

History

2019–2022: Establishment

D.TRADING Group was established in late 2018 with the founding of a holding company in the Netherlands.[10][11][12] Operations in Ukraine were launched in early 2019,[13] coinciding with the implementation of the new electricity market model under the Law of Ukraine "On the Electricity Market".[14]

In July 2019, the company began importing electricity from Europe to Ukraine.[15] Between 2020 and 2021, D.TRADING initiated its international expansion by opening offices in Switzerland and Croatia,[16][17] subsequently entering the markets of Poland, Slovakia, and Hungary.

2022–Present

Following the 2022 Russian invasion of Ukraine, the company accelerated its growth in European markets. In 2022, D.TRADING began importing natural gas from Europe to Ukraine for storage under the "customs warehouse" regime. In October 2022, it launched renewable electricity trading operations in Ukraine.[18]

In June 2024, D.TRADING and the U.S.-based company Venture Global LNG signed an agreement for the supply of American liquefied natural gas (LNG) to Ukraine and Eastern Europe.[19][20] Additionally, in late 2023,[21][22] the company entered the agribusiness sector, establishing a grain trading division.[23][24][25][26][27][28]

Operations

Power & New Energy

D.TRADING acts as a trader and aggregator in the electricity market. In 2024, its electricity trading volume reached 8.3 TWh.[29][30][31]

  • Renewables (RES): The company manages a renewable energy portfolio exceeding 600 MW of installed capacity, including 189 MW of wind and 260 MW of solar generation.
  • Battery Storage: D.TRADING provides battery storage optimization services to enhance grid stability and manage energy imbalances.
  • PPA Projects: In Croatia, the company secured multiple Power Purchase Agreements (PPAs), including a 5-year Virtual Power Purchase Agreement (vPPA) for a windfarm with the beginning of commercial operations in 2025.

Natural Gas & LNG

The company handles the import, export, and storage of natural gas. Gas trading volume reached 7.0 TWh in 2024.

  • Natural Gas: Operations focus on cross-border flows and utilizing European underground storage facilities to ensure supply security.
  • LNG: A dedicated LNG division manages complex logistics, including Trans-Balkan corridor, transporting gas from the US to Ukraine. The fist import of the US LNG was administrated in December 2024 via Greek terminal Revithoussa. The second - in November 2025, via Lithuania's Klaipėda terminal.
  • Biogas & Biomethane: The company is developing biogas supply solutions to support industrial clients in their decarbonization efforts.

Fuels & Commodities

D.TRADING supplies solid and liquid fuels across Ukraine and the Central and Eastern European region.

  • Petroleum Products: The company supplies diesel (ULSD 10 ppm) and gasoline (RON95), with monthly deliveries to the Ukrainian market averaging 60,000 tons.
  • Coal: The annual trading volume of thermal and metallurgical coal is approximately 3 million tons.

Agriculture

Since late 2023, an agricultural division based in Odessa has managed the export of grain and other agricultural products from Ukraine to global markets.[32][33]

Technology and Innovation

D.TRADING utilizes data analytics and advanced tools to optimize trading decisions. The company implements models based on Artificial Intelligence (AI) and Machine Learning (ML) for energy demand forecasting and price analysis.

Sustainability and ESG

The company supports the energy transition and decarbonization. D.TRADING focuses on developing renewable energy markets and provides services for trading Guarantees of Origin (GoO) to facilitate the transparent integration of "green" energy into the European grid.

Standards and Compliance

Operations are conducted in accordance with international trading standards. The company utilizes EFET (European Federation of Energy Traders) standard agreements for bilateral trading. Financial transactions and risk management are governed by ISDA (International Swaps and Derivatives Association) documentation.

Corporate Affairs

Locations

The company operates four strategic hubs:

Management

As of October 2024, Dmytro Sakharuk is appointed D.TRADING CEO, managing Ukrainian and European divisions.[34]

References

  1. ^ Strzelecki, Marek (20 November 2023). "Ukraine's power plants need missile defence ahead of winter, DTEK CEO says". Reuters.
  2. ^ "Ukraine strikes deal for US gas in bid to clip Russian energy influence". www.ft.com. Retrieved 2024-07-19.
  3. ^ "Ukraine Energy Trader Plans European Expansion to Boost Supplies". Bloomberg.com. 2024-05-08. Retrieved 2024-07-19.
  4. ^ Маляр, Дмитро (March 7, 2024). "Енергетична Україна в Європі: довгий шлях чи швидкий успіх?". Інтерфакс-Україна. Retrieved July 19, 2024.
  5. ^ "Дмитро Маляр: Cвітові ціни на вугілля у $140/т «з'їдають» весь дохід навіть при ціні РДН 2000 грн/МВт-год — EXPRO Consulting". expro.com.ua (in Ukrainian). Retrieved 2024-07-19.
  6. ^ "Гендиректор компанії "Д.Трейдінг": "Нашому бізнес-ком'юніті треба глибше розбиратися в трейдингу. Тоді матимемо більше історій успіху, а не звинувачень у зраді"". Mind.ua (in Ukrainian). Retrieved 2024-07-19.
  7. ^ "DTEK plans to develop LNG trading in Europe — EXPRO Consulting". expro.com.ua. Retrieved 2024-07-19.
  8. ^ Rocha, Priscila Azevedo. "Ukraine Energy Trader Plans European Expansion to Boost Supplies". BNN Bloomberg. Archived from the original on 2024-05-08. Retrieved 19 July 2024.
  9. ^ Afanasiev, Vladimir (2024-06-17). "Ukrainian gas player snaps up 10% of LNG export capacity at Calcasieu Pass 2". upstreamonline.com. Retrieved 2024-07-19.
  10. ^ "Ukraine's Richest Man Fights to Save Faltering Fortune". Bloomberg.com. 2014-04-10. Retrieved 2024-07-19.
  11. ^ "Zweigleisige Ermittlungen im Umfeld Janukowitschs". Neue Zürcher Zeitung (in Swiss High German). 2014-03-17. ISSN 0376-6829. Retrieved 2024-07-19.
  12. ^ "Der Oligarch, der keiner sein will". Tages-Anzeiger (in German). 2014-12-28. Retrieved 2024-07-19.
  13. ^ "Ukraine agrees on first LNG supply deal with US company Venture Global". Reuters. 13 June 2024.
  14. ^ "Venture Global, DTEK sign LNG supply deal for Ukraine, Eastern Europe". www.naturalgasworld.com. Retrieved 2024-07-19.
  15. ^ Mishra, Shivam (2024-06-14). "Venture Global LNG signs supply agreement with Ukraine's DTEK". Offshore Technology. Retrieved 2024-07-19.
  16. ^ "Віталій Бутенко залишив посаду генерального директора D.Trading". expro.com.ua (in Ukrainian). Retrieved 2024-07-19.
  17. ^ "Дмитро Маляр". www.iclub.energy. Retrieved 2024-07-19.
  18. ^ "«Люди не сприймають ДТЕК як олігархічну структуру». Як війна змінила енергокомпанію Ріната Ахметова та чи очікувати відключень наступної зими. Велике інтервʼю з Максимом Тімченком — Forbes.ua". forbes.ua (in Ukrainian). 2023-07-24. Retrieved 2024-11-11.
  19. ^ Smyth, Jamie; McCormick, Myles; Tani, Shotaro (2024-06-13). "Ukraine strikes deal for US gas in bid to clip Russian energy influence". Financial Times. Retrieved 2024-07-19.
  20. ^ "Ukraine bekommt weitere Hilfen für Energiesektor". www.energate-messenger.de (in German). Retrieved 2024-07-19.
  21. ^ "Топ-2023: список компаній з найбільшою виручкою". ГЛАВКОМ (in Ukrainian). 2024-03-08. Retrieved 2024-07-19.
  22. ^ "Компанія Ахметова почала імпорт електроенергії з Європи". Економічна правда (in Ukrainian). Retrieved 2024-07-19.
  23. ^ "D.TRADING розпочинає торгівлю зерном — EXPRO Consulting". expro.com.ua (in Ukrainian). Retrieved 2024-11-11.
  24. ^ "D.TRADING, що входить до компанії ДТЕК, розпочинає торгівлю зерном". elevatorist.com (in Ukrainian). 2023-12-26. Retrieved 2024-11-11.
  25. ^ "D.TRADING розпочинає торгівлю зерном". expro.com.ua (in Ukrainian). Retrieved 2024-07-19.
  26. ^ ""Люди не сприймають ДТЕК як олігархічну структуру". Як війна змінила енергокомпанію Ріната Ахметова та чи очікувати відключень наступної зими. Велике інтервʼю з Максимом Тімченком". Forbes (in Ukrainian). 2023-07-24. Retrieved 2024-07-19.
  27. ^ "D.TRADING, що входить до компанії ДТЕК, розпочинає торгівлю зерном". elevatorist.com (in Ukrainian). 2023-12-26. Retrieved 2024-07-19.
  28. ^ Todorović, Igor (2024-01-24). "DTEK puts wind farm, solar park into operation in Romania". Balkan Green Energy News. Retrieved 2024-07-19.
  29. ^ "Дмитро Маляр: «ДТЕК підтримує системну інтеграцію України в Європу за європейськими правилами»". Журнал Енергобізнес (in Ukrainian). Retrieved 2024-11-11.
  30. ^ ""Д.Трейдінг" у березні поставив 46% від усього імпорту електроенергії | Українська Енергетика". ua-energy.org (in Ukrainian). Retrieved 2024-07-19.
  31. ^ "ДТЕК збільшив імпорт електроенергії з Європи для стабілізації енергосистеми після обстрілів". www.unian.ua (in Ukrainian). Retrieved 2024-07-19.
  32. ^ "D.Trading розпочинає торгівлю зерном — EXPRO Consulting". expro.com.ua (in Ukrainian). Retrieved 2024-11-11.
  33. ^ "D.Trading, що входить до компанії ДТЕК, розпочинає торгівлю зерном". elevatorist.com (in Ukrainian). 2023-12-26. Retrieved 2024-11-11.
  34. ^ "Віталій Бутенко залишив посаду генерального директора D.Trading — EXPRO Consulting". expro.com.ua (in Ukrainian). Retrieved 2024-11-11.
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