D.Trading Explained

D.Trading is a group of companies within the DTEK energy holding,^{[1] [2] [3]} that engages in trading energy products, including electricity, gas, solid and liquid fuels, and renewable energy products in markets in 21 European countries and on 15 European exchanges.^{[4] [5] [6] [7] [8]} Since December 2023, the company also specializes in the export of agricultural products.^[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]} In early 2019, the group launched its business operations in Ukraine.^[13]

In 2019, the company actively participated in developing and launching a new electricity market model in Ukraine, in line with the 2017 Electricity Market Law.^[14]

In July 2019, D.Trading started importing electricity from Europe to Ukraine.^[15]

In 2020–2021, the company started international expansion with the opening of offices in Switzerland and Croatia.^{[16] [17]}

From 2020, D.Trading operated in Poland, Slovakia, and Hungary and became a major company in import-export operations within the electricity market.

2022–2024

From 2022 to 2024, D.Trading launched European market expansion, transferring some functions to its Croatian office.

In 2022, D.Trading began importing gas from Europe to Ukraine for storage under the customs warehouse (short-haul) regime, supporting Ukraine’s preparation for the winter season.

In October 2022, the company began trading renewable electricity in Ukraine, purchasing it from renewable energy producers.^[18]

In November 2022, D.Trading started supplying oil products to the Ukrainian market via imports from Europe.

In June 2023, D.Trading signed its first European Power Purchase Agreement (PPA) for purchasing renewable energy. That same month, it began trading energy Guarantees of Origin (GOs).^{[19] [20]}

In 2024, D.Trading started trading grain, completing its first domestic deal and sending its first export shipment. The company also launched an agricultural division based in Odesa.^{[21] [22] [23] [24] [25] [26]}

In June 2024, D.Trading and U.S.-based Venture Global announced a comprehensive Heads of Terms Agreement for supplying American liquefied natural gas (LNG) to Ukraine and Eastern Europe.^[27]   That same month, D.Trading and Germany’s SEFE (Securing Energy for Europe GmbH)^[28] signed an agreement to strengthen European energy security by exploring projects aimed at advancing the continent’s energy independence.

Areas of activity^[29]

Electricity

2023 supply volume: 34.6 GWh^[30]

D.Trading is the major electricity supplier in Ukraine, engaging in the purchase and sale of electricity both domestically and in Europe, supplying end-users, trading, and exchange activities in Ukraine and Europe. The company is Ukraine’s largest electricity importer and operates one of the largest balancing groups in the country.^{[31] [32] [33]}

Gas

2023 sales volume: 2.686 billion cubic meters

D.Trading buys and sells natural gas in Ukraine and Europe, supplying end-users and conducting trading and exchange operations. It is also involved in gas imports and exports, including short-haul storage in Ukrainian underground gas storage facilities. The company also operates in LNG through an agreement with Venture Global to supply LNG from the U.S. to Europe or directly to Ukraine, offering balancing services for end consumers.

Coal

2023 sales volume: 2.4 million tons

D.Trading exports and imports coal, with sales to both the Ukrainian and European markets.

Fuel

The company imports petroleum products to Ukraine and distributes them in the domestic market.

Agricultural products

D.Trading exports agricultural products from Ukraine.^{[34] [35]}

Geographic presence

D.Trading companies are registered in Ukraine, Switzerland, Croatia, and the Netherlands. Countries with a physical presence (offices/branches) include Ukraine, Croatia, Switzerland, and the Netherlands. Countries where operational activities are conducted are Ukraine, Poland, Hungary, Croatia, Slovakia, Romania, Germany, Netherlands, Italy, Spain, Montenegro, Bulgaria, Austria, Greece, Serbia, Bosnia, North Macedonia, Slovenia, Moldova, Albania, France

Structure and management

D.Trading is an international trading group active in most Central and Eastern European markets, with its primary focus on Ukraine, giving rise to two management structures: Ukrainian and European.

Between 2022 and 2024, Dmytro Maliar headed the trading division in Ukraine, while Peter Dvorak managed European operations. Ivan Helukh serves as the Chair of the Board of Directors, responsible for the strategic development of D.Trading and coordination across the group’s various businesses.^[36]

In October 2024, Dmytro Sakharuk was appointed CEO of D.Trading, overseeing both Ukrainian and European divisions.

References

1. Web site: Strzelecki . Marek . 20 November 2023 . Ukraine's power plants need missile defence ahead of winter, DTEK CEO says . Reuters.
2. Web site: Ukraine strikes deal for US gas in bid to clip Russian energy influence . 2024-07-19 . www.ft.com.
3. News: 2024-05-08 . Ukraine Energy Trader Plans European Expansion to Boost Supplies . 2024-07-19 . Bloomberg.com . en.
4. Web site: Дмитро Маляр: Cвітові ціни на вугілля у $140/т «з'їдають» весь дохід навіть при ціні РДН 2000 грн/МВт-год — EXPRO Consulting . 2024-07-19 . expro.com.ua . uk.
5. Web site: Маляр . Дмитро . March 7, 2024 . Енергетична Україна в Європі: довгий шлях чи швидкий успіх? . July 19, 2024 . Інтерфакс-Україна.
6. Web site: Гендиректор компанії "Д.Трейдінг": "Нашому бізнес-ком'юніті треба глибше розбиратися в трейдингу. Тоді матимемо більше історій успіху, а не звинувачень у зраді" . 2024-07-19 . Mind.ua . uk.
7. Web site: DTEK plans to develop LNG trading in Europe — EXPRO Consulting . 2024-07-19 . expro.com.ua . en.
8. Web site: Rocha . Priscila Azevedo . Ukraine Energy Trader Plans European Expansion to Boost Supplies . https://web.archive.org/web/20240508091602/https://www.bnnbloomberg.ca/ukraine-energy-trader-plans-european-expansion-to-boost-supplies-1.2070251 . 2024-05-08 . 19 July 2024 . BNN Bloomberg.
9. Web site: Afanasiev . Vladimir . 2024-06-17 . Ukrainian gas player snaps up 10% of LNG export capacity at Calcasieu Pass 2 . 2024-07-19 . upstreamonline.com . en.
10. News: 2014-04-10 . Ukraine's Richest Man Fights to Save Faltering Fortune . 2024-07-19 . Bloomberg.com . en.
11. News: 2014-03-17 . Zweigleisige Ermittlungen im Umfeld Janukowitschs . 2024-07-19 . Neue Zürcher Zeitung . de-CH . 0376-6829.
12. Web site: 2014-12-28 . Der Oligarch, der keiner sein will . 2024-07-19 . Tages-Anzeiger . de.
13. Web site: 13 June 2024 . Ukraine agrees on first LNG supply deal with US company Venture Global . Reuters.
14. Web site: Venture Global, DTEK sign LNG supply deal for Ukraine, Eastern Europe . 2024-07-19 . www.naturalgasworld.com.
15. Web site: Mishra . Shivam . 2024-06-14 . Venture Global LNG signs supply agreement with Ukraine's DTEK . 2024-07-19 . Offshore Technology . en-US.
16. Web site: Віталій Бутенко залишив посаду генерального директора D.Trading . 2024-07-19 . expro.com.ua . uk.
17. Web site: Дмитро Маляр . 2024-07-19 . www.iclub.energy.
18. Web site: 2023-07-24 . «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 . 2024-11-11 . forbes.ua . uk.
19. Web site: 2024-03-08 . Топ-2023: список компаній з найбільшою виручкою . 2024-07-19 . ГЛАВКОМ . uk.
20. Web site: Компанія Ахметова почала імпорт електроенергії з Європи . 2024-07-19 . Економічна правда . uk.
21. Web site: D.TRADING розпочинає торгівлю зерном — EXPRO Consulting . 2024-11-11 . expro.com.ua . uk.
22. Web site: 2023-12-26 . D.TRADING, що входить до компанії ДТЕК, розпочинає торгівлю зерном . 2024-11-11 . elevatorist.com . uk.
23. Web site: D.TRADING розпочинає торгівлю зерном . 2024-07-19 . expro.com.ua . uk.
24. Web site: 2023-07-24 . "Люди не сприймають ДТЕК як олігархічну структуру". Як війна змінила енергокомпанію Ріната Ахметова та чи очікувати відключень наступної зими. Велике інтервʼю з Максимом Тімченком . 2024-07-19 . . uk.
25. Web site: 2023-12-26 . D.TRADING, що входить до компанії ДТЕК, розпочинає торгівлю зерном . 2024-07-19 . elevatorist.com . uk.
26. Web site: Todorović . Igor . 2024-01-24 . DTEK puts wind farm, solar park into operation in Romania . 2024-07-19 . Balkan Green Energy News . en-US.
27. News: Smyth . Jamie . McCormick . Myles . Tani . Shotaro . 2024-06-13 . Ukraine strikes deal for US gas in bid to clip Russian energy influence . 2024-07-19 . Financial Times.
28. Web site: Ukraine bekommt weitere Hilfen für Energiesektor . 2024-07-19 . www.energate-messenger.de . de.
29. Web site: Home . 2024-11-11 . d.trading.
30. Web site: Дмитро Маляр: "ДТЕК підтримує системну інтеграцію України в Європу за європейськими правилами" . 2024-07-19 . Журнал Енергобізнес . uk-UA.
31. Web site: Дмитро Маляр: «ДТЕК підтримує системну інтеграцію України в Європу за європейськими правилами». Журнал Енергобізнес. uk-UA. 2024-11-11.
32. Web site: "Д.Трейдінг" у березні поставив 46% від усього імпорту електроенергії Українська Енергетика . 2024-07-19 . ua-energy.org . uk.
33. Web site: ДТЕК збільшив імпорт електроенергії з Європи для стабілізації енергосистеми після обстрілів . 2024-07-19 . www.unian.ua . uk.
34. Web site: D.Trading розпочинає торгівлю зерном — EXPRO Consulting. expro.com.ua. uk. 2024-11-11.
35. Web site: D.Trading, що входить до компанії ДТЕК, розпочинає торгівлю зерном. 2023-12-26. elevatorist.com. uk. 2024-11-11.
36. Web site: Віталій Бутенко залишив посаду генерального директора D.Trading — EXPRO Consulting. expro.com.ua. uk. 2024-11-11.