The Cabinet of Ministers supported the opening of special accounts for regional gas companies to automate the payment of imbalances

The Cabinet of Ministers of Ukraine approved the procedure for opening special accounts for operators of gas distribution networks (regional and city gas companies) and the procedure for making payments for natural gas distribution services. In addition, the government authorized four state banks to open special accounts - Ukrgasbank, Ukreximbank, Oschadbank, PrivatBank, the press service of GTSOU reports.

The government's decision should eliminate the difficulties in calculating regional gas for gas taken from the main gas pipelines of the Ukrainian GTS Operator (GTSOU), and ensure the financial stability of the participants in the Ukrainian natural gas market.

The new procedure for settlements for gas distribution services stipulates that consumers transfer funds to special accounts of regional gas companies. And the banks, following the norms for the distribution of funds, transfer them from special accounts to the current accounts of regional gas companies and GTSOU.

The norms for the distribution of funds should be calculated and approved by the National Commission for State Regulation in the Spheres of Energy and Utilities (NEURC).

To recap, the total overdue debt of regional gas companies for their production and technological losses to GTSOU is already UAH 10.9 billion, of which UAH 7.7 billion is the debt of regional gas companies of the RGC group.

Tags: The Cabinet of Ministers, legislation, debt, Gas market, облгаз, Ukraine, pipeline, Makohon, OGTSU, gas imbalances, DNO

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