from January 1, 2020 Ukraine plans to sign new long-term contract on transportation of Russian gas to Europe, as well as the creation of a new company that will transit and deliver gas to consumers, said the Cabinet of Ministers.
the Successful conclusion of the contract on the transit of Russian gas to Europe depends on how fast will be completed unbundling "Naftogaz", said the Ukrainian Government.
"In the framework of agreements with the European energy community, Ukraine undertook to divide the transportation, storage, extraction and sale of gas. Now these functions are performed by the member companies of the NJSC "Naftogaz of Ukraine". According to the Third energy package of the EU, Ukraine should create an independent operator of the gas transportation system (GTS)," - said in a statement on the government portal.
New operator GTS will gain independence not only from the current owner - "Naftogaz", but also from any other influences from producers and natural gas suppliers, in particular from the vertical of public authorities.
"This will allow, on the one hand, to further develop a transparent and competitive gas market, and on the other to ensure the stability and continuity of the transmission work for both internal and external customers of transportation services," said the government.
background:
Unbundling company - is the process by which a company with different activities keeps the core business and sells the assets, product lines, divisions or subsidiaries with the aim of creating a more efficient structure.
the Cabinet of Ministers of Ukraine of 18 September 2019 updated plan unbundling "self". The new operator is defined, OOO "the Operator of the gas transportation system of Ukraine" (OHTSU, 100% "daughter" AO "the company"), which from 1 July 2019 responsible for the technical operation of hydraulic structures.
OHTSU will be transferred to the ownership of JSC "Main gas pipelines of Ukraine" ("MSU"), 100% shares of which the Cabinet passed to the management of the Ministry of Finance. Simultaneously, the state will transfer to the new operator in the management of the gas system on the right of economic management for a period of 15 years. Now the new operator passes the certification procedure and is awaiting the establishment of tariffs. It is planned that he will begin to perform the functions of the operator GTS from 1 January 2020.
