The Verkhovna Rada adopted a law on the separation of the GTS from Naftogaz

The Verkhovna Rada in the second and in general reading adopted a draft law No.2239-1, which is necessary for the separation of Naftogaz of Ukraine from the transmission of natural gas, certification of a new independent gas transmission system (GTS) operator and the creation of conditions for concluding a transit contract with Gazprom according to the European rules. It is reported by Energoreforma.

“This is a historic moment regarding the protection of Ukrainian interests. For a very long time we could not build a legislative framework that corresponded to the European standards, so that we were no longer blackmailed and we could ensure long-term gas transmission through Ukraine, the use of the Ukrainian gas transmission system, as well as stable income from these fixed assets”, said Minister of Energy and Environmental Protection Olexiy Orzhel on Wednesday during a speech in the Parliament.

Andriy Gerus, Head of the Energy and Housing and Utilities Committee, during the presentation of the draft law, emphasized that previously the Committee approved the main amendment, according to which privatization, concession, rental of hydraulic structures, as well as management of it by third parties (not representing the state) are prohibited. In addition, according to the document, the company managing the GTS should be 100% owned by the state.

Recall that on October 18, the Verkhovna Rada adopted the draft law on the unbundling of Naftogaz as a basis.

The new operator will be Gas Transmission System Operator of Ukraine LLC ( 100% subsidiary of JSC Ukrtransgaz). In June, Ukrtransgaz transferred the technical operation of the gas transmission system of Ukraine to GTS of Ukraine Operator LLC.

The draft law is needed to carry out Naftogaz unbundling, which will make it possible to conclude a new agreement with Russia on transit according to European rules.

It was previously reported that trilateral gas negotiations were held in Brussels on October 28, at which the parties did not reach a unified solution. The next round of negotiations on the transit of Russian gas through Ukraine is due on November 11.

Tags: The Cabinet of Ministers, Gazprom, gas, Naftogaz, contracts, Nord Stream 2, tariffs, legislation, EU, The Minystry of Energy and Coal Mining, Ukrtransgaz, GTS, RF, foreign affairs, Main gas pipeline of Ukraine, Orzhel

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