Government to pursue the policy towards energy independence and demonopolization of the energy sector, assures Prime Minister

The Cabinet of Ministers of Ukraine, in the framework of the commitment to follow a policy towards energy independence, advocates the prompt and complete demonopolization of the energy sector and finalizing of the unbundling process of the state energy holding Naftogaz Ukrainy, namely the separation of the company's gas transmission and storage (injection, withdrawal) activities in compliance with requirements of the Third Energy Package. This was stated by Prime Minister of Ukraine Volodymyr Groysman during the Government sitting.

"Our objective, and I guarantee that reform process will prolong and intensify, is to transform Naftogaz into an advanced and strong company following good corporate governance principles. We need to abandon the situation when the Naftogaz is the only monopoly gas operator in Ukraine," urged Volodymyr Groysman.

He emphasized that currently the formation of the Naftogaz Supervisory Board members is underway in synergy with partners aimed to attract qualified specialists to continue the reform and market demonopolization process.

"Monopolies always try to use their position to unreasonably raise prices. I assure you this will never happen," said Volodymyr Groysman was quoted as saying.