Ukraine: the beginning of Naftogaz’s restructuring

On 1 July, the Ukrainian government approved the restructuring plan for the state-owned company Naftogaz. It envisages removing it from the structure of transit gas pipelines and underground gas storage facilities, which will provide the base for establishing two joint-stock companies: Gas Mains of Ukraine and Underground Gas Storage of Ukraine. The ownership unbundling of Naftogaz will take place after the Arbitration Court in Stockholm has passed its verdict concerning the suit brought by Naftogaz against Gazprom. The two new companies are expected to be turned into modern corporations and will be controlled by the Ministry for Energy. The largest production company, UkrGasVydobuvannya (with an output of 14.5 billion m3 of gas) will remain part of Naftogaz.

• Primary Source

EurActiv, 16.09.16: Naftogaz says charter change threatens gas purchases from Europe http://www.euractiv.com/section/energy/news/naftogaz-says-charter-change-threatens-gas-purchases-from-europe/

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