Working group on speeding up the reform of the NJSC Naftogaz of Ukraine approves method of unbundling - separation of operations for the transportation and storage of natural gas

At its meeting the working group on acceleration of the corporate governance reform of PJSC National Joint Stock Company Naftogaz of Ukraine, chaired by Vice Prime Minister Volodymyr Kistion, has approved the way to hand over the assets to the new operator of the gas transport system JSC Main Gas Pipelines of Ukraine (MGPU).

The algorithm of actions in the process of the unbundling of the transmission system operator has been developed by the working subgroup led by First Deputy Minister of Energy and Coal Industry of Ukraine Halyna Karp, in collaboration with international partners, experts, representatives of the Secretariat of the European Energy Community.

The option proposed by the working subgroup provides for the transfer of assets of PJSC Ukrtransgaz to the new GTS operator JSC MGPU without any tax obligations and avoiding significant financial expenses for the new operator.

The members of the working group supported the offered option with the opportunity to include changes in case the latter are initiated by the stakeholders.