Cabinet of Ministers urges Naftogaz to approve decisions needed for unbundling

Cabinet of Ministers urges Naftogaz to approve decisions needed for unbundling

Ukrinform
The Cabinet of Ministers of Ukraine 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 in line with the model approved in July 2016.

Prime Minister Volodymyr Groysman stated this at a meeting of the Coordination Council for Reforms and the Fuel and Energy Sector on May 16, according to the Government portal.

“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,” the government’s press service cited Groysman as saying.

The prime minister stressed that the 2016 model of unbundling includes all the requirements of international partners of Ukraine and requires neither any amendments to the legislation, nor any other actions that could delay the process of unbundling of gas transmission function by Naftogaz of Ukraine.

At the same time, 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 prime minister added.

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