The European Commission confirmed that Ukraine's newly established gas transmission system operator (GTSO) is unbundled and set to operate in line with EU law.
"This is one of the most important reforms in the gas sector. In 4 months we managed to accomplish things that have failed to be done in 3 years. Now the GTSO will operate in line with the European rules. It is essential for the uninterrupted transit of gas to Europe via Ukraine, as agreed in trilateral gas talks", Prime Minister Oleksiy Honcharuk accentuated.
Ukraine has demonstrated its commitment to the implementation of the EU's third energy package and a desire to work in compliance with European rules. In line with EU law on energy markets.
In the last 4 months, the model of unbundling was approved, the relevant law was adopted, and the documents for certification of the GTSO were submitted. On December 24, 2019, following the approval of the European Commission, the GTSO was certified, which paved the way for the signing of the contract for gas transportation. From January 1, 2020, the GTSO will start operating.
Ukraine remains a reliable partner for transportation of gas to the EU.
Effective and uninterrupted operation of the Ukrainian gas transmission system is utterly important for both suppliers and consumers from the EU countries, as it will ensure competition in European energy markets, which will allow driving down gas prices for consumers.