Three issues should be settled to introduce free gas market for population

Three issues should be settled to introduce free gas market for population

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Ukrinform
Vice Prime Minister of Ukraine Volodymyr Kistion has said that three key issues should be settled so that a free gas market for population can be formed – to eliminate monopoly of NJSC Naftogaz of Ukraine, monetize subsidies, and increase living standards of citizens. 

Kistion stated this during a meeting with Janez Kopač, Director of the Energy Community Secretariat, the government’s press service reports.

According to the vice prime minister, the free market is formed where there is no monopoly. Therefore, it is impossible to immediately liberalize the gas market until gas extraction, transportation and storage are concentrated in Naftogaz.

“At present, the free gas market for the industry and consumers of the fiscal sector is already operating, we have made a decision on monetization of subsidies at the level of public utilities providers as a first step towards full monetization of subsidies, and we are gradually increasing the social standards for Ukrainians. The final issue and the most important reform of the energy industry is the unbundling of Naftogaz,” Kistion said.

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