Volodymyr Kistion: The final draft Energy Strategy of Ukraine until 2035 to be introduced in the shortest possible time

The draft Energy Strategy of Ukraine until 2035 was approved in the course of the meeting of the Steering Committee chaired by Vice Prime Minister of Ukraine Volodymyr Kistion.

The Vice Prime Minister emphasized that within the context of the European integration course it is essential to update approaches regarding formation of energy policy which must align with European principles and practices.

«Our country has undertaken a number of international commitments. In particular, it is vitally important to implement the Third Energy Package which envisages the creation of a full natural gas markets, electric energy, establishment of market conditions concerning coal trade,» said Volodymyr Kistion.

He placed special emphasis to the fact that due to the global tendencies it is necessary to increase the proportion of green energy.

«Apart from that, pursuant to the provisions of the Paris Agreement as well as to worldwide tendencies the energy sector needs to transfer to renewable energy sources thereby the Energy Strategy aimed to articulate the growth of green energy share», announced the Vice Prime Minister.

He reminded the attendees that the most important and most ambitious goal of the Government is achievement of energy independence of Ukraine, and this should be captured in the text of the Strategy.

Thus, the aforesaid Strategy sets out the Government’s policy, forms tasks designed to achieve the targets of development of the whole energy sector of Ukraine and articulates the strategic core objectives  for development of fuel and energy complex of Ukraine for the period until 2035," urged Volodymyr Kistion.

On the outcomes of the meeting, the Ministry of Energy and Coal Industry of Ukraine was commissioned to ensure the approval of the draft Energy Strategy of Ukraine with all relevant central executive authorities.

«The draft Energy Strategy of Ukraine until 2035 will be presented in the coming weeks in the line Committee of the Verkhovna Rada. After the final approval of the project by all relevant central executive authorities it will be submitted for consideration by the Government,» summed up Volodymyr Kistion.