Pipelines, Storage & Power

Ukrtransgaz unbundling delay gives Naftogaz options

Naftogaz will have to wait until its transit contracts with Gazprom expire in 2019 before it can unbundle its TSO, but the Ukrainian company may feel this works in its favour Naftogaz will have to wait until its transit contracts with Gazprom expire in 2019 before it can unbundle its TSO, but the Ukrainian company may feel this works in its favour.
By Silvia Favasuli 10 May 2018 0 30813
A gas compressor station in Ukraine. A gas compressor station in Ukraine. (Naftogaz)

Naftogaz Ukrainy said this week that its dispute with Gazprom is forcing it to put off unbundling its gas storage and gas transmission systems until the end of 2019. However, Naftogaz may feel that the delay will work to its advantage.

A report published on Tuesday by ProZorro, Ukraine’s online public procurement platform, revealed that Naftogaz is forbidden from changing the ownership of Ukrtransgaz, its gas transmission system operator (TSO), as part of its arbitration process with Gazprom – the latest chapter of...