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New government plan would spin off gas transit system from Naftogaz
Journal Staff Report

KIEV, July 1 – The Cabinet of Ministers has approved a plan for restructuring Naftogaz Ukrayiny, providing for the establishment of new enterprise Trunk Gas Pipelines of Ukraine in the structure of the Ministry of Energy and Coal Industry to operate the gas transportation system (GTS).

"The restructuring foresees the separation of a company to operate the GTS from the Naftogaz group and the creation of a new enterprise managed by the Energy Ministry. The plan also provides for the analysis of the activities of Ukraine's underground gas storage facilities (UGS) and, according to the analysis, their separation into a new company [Underground Gas Storage of Ukraine also within the structure of the Energy Ministry]," the Ministry of Economic Development and Trade has said.




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