Naftogaz, MGU agree on roadmap to unbundle gas transmission system operator

Naftogaz, MGU agree on roadmap to unbundle gas transmission system operator

The Supervisory Board of Naftogaz of Ukraine and PJSC Mahistralni Gazoprovody Ukrainy (Main Gas Pipelines of Ukraine) have agreed on a roadmap to unbundle the operator of Ukraine’s gas transmission system, the press service of Naftogaz reports.

“The Supervisory Board of Naftogaz of Ukraine is pleased to announce it has reached an agreement with the Supervisory Board of Mahistralni Gazoprovody Ukrainy(MGU) on a roadmap of cooperation towards a full and transparent unbundling of Ukraine’s gas transmission function,” reads the report.

According to Naftogaz, the reached agreement will ensure Ukraine’s implementation of EU requirements, guaranteeing Ukraine’s energy security and economic prosperity.

Under the agreed Memorandum of Understanding, the unbundling process is to be completed at the beginning of 2020, after the existing transit contract with Gazprom expires.

“We would like to thank Prime Minister Groysman for the government’s leadership as well as U.S. Assistant Secretary of State Frank Fannon for his help and support during his current visit to Kyiv, and the rest of the international community for their support and guidance,” said Clare Spottiswoode, Chairperson of Naftogaz’ Supervisory Board.


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