• Українською
  • Government requires from NJSC Naftogaz of Ukraine to conduct unbundling of the company according to the model approved in July 2016
    Information and Communication Department of the Secretariat of the CMU, posted 16 May 2019 16:30

    The Ukrainian Government insists and demands from NJSC Naftogaz of Ukraine to approve and implement the necessary decisions that will allow the Government to complete the process of unbundling of the state-run company by the end of this year following the model, approved in July 2016 and based on Ukraine's commitments to the European Energy Community. This was stated by Prime Minister of Ukraine Volodymyr Groysman during the meeting of the Coordinating Council for reforms in the energy sector.

    The PM stressed that the 2016 model of unbundling takes into account all the requirements of international partners of Ukraine and requires neither any changes to the legislation, nor any other actions that could delay the process of unbundling of gas transmission function by Naftogaz of Ukraine. Meanwhile, effective unbundling will be a guarantee for the formation of an independent and certified under the European requirements operator of the Ukrainian gas transit system. The existence and operation of such an operator will enable strengthening the position and role of Ukraine in the negotiation process with the Russian Federation to continue the transit and preserve the Ukrainian gas transport system from 2020.

    "One of the objectives I put before the leadership of Naftogaz of Ukraine in July 2016, and later the Company's Supervisory Board, was to fully implement the decisions on the unbundling, which enable the GTS certified operator to fully comply with the obligations of the Third Energy Package", said Volodymyr Groysman. "By force of circumstances, I can assert that the work of NJSC Naftogaz of Ukraine on this issue has failed. We have engaged in a number of talks and issues, but Naftogaz of Ukraine has not approved any decisions that would be taken as part of the implementation of the Government's commissions. The OU (Full ownership unbundling) model is the most relevant and unique, which can be implemented by the end of 2019. Today is May. Since July 2016, Naftogaz of Ukraine has lost time to achieve the (then set) goals."

    The Prime Minister stressed that up to date there are no obstacles, especially of a legal nature, which could delay the unbundling of Naftogaz of Ukraine under the defined model. Participants of the Coordination Council - officials, representatives of the Energy Directorate of the European Commission, the World Bank, heads of the international financial institutions' agencies - agreed to this position. They also noted that it is urgent to start the process of transferring assets to the GTS operator, in accordance with the Government’s approved plan, as well as the involvement of international partners in the joint management of the gas transit system.

    Government requires from NJSC Naftogaz of Ukraine to conduct unbundling of the company according to the model approved in July 2016