Volodymyr Kistion: Government of Ukraine is committed to pursuing reforms in energy sector

Ukraine is mainstreaming into the European economic space by implementing, in particular, the national legislation in energy sector aligned with the norms adopted in the European Union. We are moving along the path of deregulation and liberalization of the gas market in Ukraine. This is clearly enshrined in the Energy Strategy of Ukraine until 2035, which was approved by the Government of Ukraine in 2017. This was stated during the Ninth Annual Energy Forum by Vice Prime Minister of Ukraine Volodymyr Kistion.

According to him, the reform of the gas market remains among the most challenging reforms, meanwhile Ukraine is approaching, step by step, the ultimate goal of establishing transparent market relations for the benefits of all categories of consumers.

"Ukraine has already created a series of prerequisites for the functioning of an effective gas market. There are currently more than 384 gas suppliers licensed by NEURC. In the second half of 2018, we are planning to provide daily commercial gas balancing, which would allow us to reduce severalfold manipulating with the volumes of gas consumed and to launch a daily exchange trade, thereby affecting the formation of a real indicative market price for natural gas in Ukraine, but not outside its borders", said the Vice Prime Minister.