U.S. supports unbundling of Naftogaz – Energy Secretary Perry

14:20, 12 November 2018
Economy
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"We certainly want to assist as you reform your government, your structure. For instance, the unbundling of Naftogaz, the liberalization of energy markets, transparency, predictability," he said at a Kyiv meeting with Ukrainian Prime Minister Volodymyr Groysman Monday.

"For instance, your very new announcement on geological data transparency, licensing, the production sharing agreements – all of those collectively send a powerful message to the United States government, to the United States private sector partners, and your European neighbors that Ukraine is very serious about the reforms, very serious about being the energy center in the world," Perry said.

Read alsoU.S. opposes Nord Stream 2, Turkish Stream - Rick Perry

UNIAN memo. In early November 2016, the Cabinet of Ministers adopted a decision to create a new operator of Ukraine's GTS, namely PJSC Mahistralni Gazoprovody Ukrainy (Trunk Gas Pipelines). At the same time, Naftogaz management created a new subsidiary, the Operator of the Ukrainian GTS, within the structure of Ukrtransgaz.

Naftogaz believes that the establishment of a new legal entity and the involvement of a European partner in its management is necessary for European companies to be able to buy gas on the eastern border of Ukraine and transfer it to the European market, preserving transit volumes after the current contract with Gazprom expires.

Supervisory Boards of the National Joint-Stock Company Naftogaz of Ukraine and new operator of Ukraine's gas transmission system (GTS), namely PJSC Mahistralni Gazoprovody Ukrainy [Trunk Gas Pipelines of Ukraine], on July 24 reached an agreement on a roadmap of cooperation towards a full and transparent unbundling of Ukraine's gas transmission function in early 2020.

On November 5, the state-owned operator of Ukraine's gas transportation system, Ukrtransgaz, created its new branch, the Operator of Ukrainian Gas Storage Facilities, as part of unbundling (splitting of the company into constituent businesses).

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