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Policy & Regulation

The process of reforming Ukraine’s gas sector

The reform of Ukraine’s gas sector is moving forward, with the separation of storage and transmission assets the next key stage for foreign investors The reform of Ukraine’s gas sector is moving forward, with the separation of storage and transmission assets the next key stage for foreign investors.
By Joshua Posaner and Verity Ratcliffe 26 February 2016 Europe & Russia / Policy & Regulation 0 19401
Naftogaz Ukrainy is recommending Ukraine’s gas storage and transmission systems be separated. (Ukrtransgaz)

Ukraine’s national oil and gas company Naftogaz Ukrainy has said the country will not be able to attract foreign investment to the management of the gas transport system (GTS) without first committing to separate it from underground storage facilities.

"Western companies are interested in [the] gas transportation business, and not in the development of the gas storage segment, which is loss-making both in Ukraine and Europe [because of extra gas supply and the narrowing spread between the prices of gas in winter and summer]," the company...