Naftogaz, Ukrtransgaz, Snam, and Eustream deal for Ukraine’s gas network
The MoU was signed in the presence of Ukraine’s Minister of Energy Ihor Nasalyk, EC Commissioner for Climate Action & Energy M.A. Cañete, Italy’s Minister of Economic Development Carlo Calenda.
Moreover, it is aimed, among other, at maintaining the quality of natural gas transmission in Ukraine, in line with the standards of European markets, ensuring that the Ukrainian GTS is operated in a safe and efficient manner and is accessible on a transparent and non-discriminatory Third Party Access basis, in compliance with the applicable legislation.
Under the scope of the Memorandum, the companies will make a joint assessment on the operation and enhancement of Ukraine’s gas transmission network in order to make the Country’s transportation system more efficient, advanced and competitive.
Ukraine is implementing the unbundling of the gas transmission system operator (TSO) from the incumbent Naftogaz and has expressed its interest in cooperating with an experienced Western transmission system operator(s) in the operation of the national transmission system, in accordance with the Law of Ukraine “On the Natural Gas Market”.
This will help fostering the liquidity and security of supply for both the EU and Ukraine’s gas markets, fully in line with the EU Commission Energy Security Strategy. ■