Unbundling of Naftogaz in line with the Third Energy Package – Recent Press Releases

27 July 2018

A Naftogaz press release earlier this week reported that the supervisory boards of Naftogaz and of Mahistralny Gazoprovody Ukrainy (MGU) had agreed on a Memorandum of Understanding concerning the unbundling of gas transmission in Ukraine. In response to media requests, the Secretariat would like to clarify that it had not been consulted on the final version of such a document. During the last meeting of the Energy Reform Coordination Council, chaired by Prime Minister Groysmann, it has been agreed that the Secretariat and NEURC (the Ukrainian regulator) are involved to ensure that the model and actions agreed upon can result in certification of the transmission system operator. It is important that the designated authorities, and ultimately the Government, take responsibility of the unbundling process rather than delegating it to the supervisory boards of two companies. Accountability and transparency will be crucial not only in rectifying the breach of the Energy Community rules on unbundling, but also to create certainty and reliability for domestic and international partners.

In Scope:

  • Ukraine Ukraine