Russian traveler reaches South Africa by motorbikeSociety & Culture May 01, 0:49
Ukraine blows money by building dam to cut Crimea off water — Russian lawmakerRussian Politics & Diplomacy May 01, 0:41
Some 150,000 motorsport fans attend F1 racing weekend in Russia’s SochiSport May 01, 0:39
Putin, French ski legend Jean-Claude Killy join ice hockey training session in SochiSport April 30, 21:09
Putin awards Valtteri Bottas with Russian F1 GP TrophySport April 30, 18:02
FIA Formula One 2017 Russian Grand Prix boosts off in SochiSport April 30, 15:23
Merkel to pay first visit to Russia in two years for talks with PutinWorld April 30, 14:40
Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
KIEV, December 9. /TASS/. The Ukrainian government is opening a tender for potential investors to modernize the country’s Soviet-era gas transportation network, Ukrainian Prime Minister Arseniy Yatsenyuk said on Tuesday.
Ukraine’s law on reformation of the country’s gas transportation system came into force on September 10. The law allows foreigners to buy stakes in Ukraine’s gas transportation network.
The law stipulates that the country’s gas transportation system and underground gas storage facilities will remain in state ownership. At the same time, the law allows their transfer to specially established companies for management. The Ukrainian government will get a controlling stake in these management companies while other investors controlled by residents from the United States, the European Union or the European Energy Community are allowed to buy the remaining shares. However, this possibility is not stipulated for Russian companies.
The Ukrainian government plans to establish two joint ventures by January 1, 2015 to operate the gas transportation system and underground gas storage facilities as part of the domestic gas market reformation.
Under the reform plan, Ukraine’s international partners will own 49% in the joint ventures while the national gas pipeline operator Ukrtransgaz will control 51%.
Russia filed a complaint with the World Trade Organization (WTO) in November, saying Ukraine’s law on foreigners’ purchase of stakes in the Ukrainian gas transportation system ran counter to Kiev’s WTO obligations.