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Ukrainian president signs law on gas transportation system reforming

September 08, 2014, 15:14 UTC+3 8 8/9
Under the document, the operatinal and technological control functions are transferred from the state company to an operator that must be approved by the Ministry of Energy and Coal Industry
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© EPA/FILIP SINGER

KIEV, September 08. /ITAR-TASS/. Ukrainian President Petro Poroshenko signed a law on Monday on reforming of the national gas transportation system.

The parliament website said the document was returned with the president’s signature.

Under the document, the operatinal and technological control functions are transferred from the state company to an operator that must be approved by the Ministry of Energy and Coal Industry.

Operator companies must be those founded and owned only by the Ukrainian state or owned or belonging to residents from the European Union, the United States or the European Energy Community. In this case, the state’s share may not be less than 51%, with the rest to belong to other gas transportation system operators or members of the European network of operators.

The document also stipulates that underground gas storages will be controlled by a gas saving company owned, as in the first case, by Ukraine or jointly with other companies of residents from the United States, the EU or the European Energy Community.

The law is aimed at reforming the company Naftogaz of Ukraine and setting up other gas companies.

Gas transit via Ukraine

The throughput capacity of the Ukrainian gas transportation is 288 billion cubic meters at the entrance and 178.5 billion cubic meters at the exit, including 142.5 billion cubic meters to European countries and 3.5 billion cubic meters to Moldova.

Ukraine’s gas transportation system consists of 72 compressor stations, 110 production shops and 1,451 gas distribution stations. The overall length of gas pipelines operated by the company is 38,600 kilometers, including 22,200 kilometers of trunk pipelines and 16,400 kilometers of extensions.

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