Naftogaz and MGU presented a roadmap to unbundle the Ukrainian TSO by 1 January 2020

Views: 77

Today Supervisory boards of Naftogaz and Magistralni Gazoprovody Ukrainy (MGU) held a meeting with key stakeholders to present the Roadmap of the unbundling of the transmission system operator (TSO) in Ukraine.

“Naftogaz has set the unbundling as one of its strategic priorities. A successful TSO unbundling is both a formal goal and a personal commitment of Naftogaz top management, in particular Andriy Kobolyev,” said Clare Spottiswoode, Chairperson of Naftogaz’ Supervisory Board.

“With memorandum of understanding we have found a way to work together to ensure Ukraine has a fully fledged independent TSO. We have set clear targets, and we know who is in charge of each step of the plan. It is a shared priority for both companies to ensure the system works efficiently and that the transition proceeds smoothly. Of course, in this process we rely on support from our key external stakeholders”, said Fabrice Noihlan, Member of the Supervisory Board of MGU.

“Unbundling is a project of high importance for us, and both Naftogaz and MGU are committed to do it right. I believe that the process should complete with an engagement of a qualified acceptable international partner. Such a partnership should enable Ukraine to preserve the flow of Russian gas and create a transparent competitive market,” said Andriy Kobolyev, CEO of Naftogaz.

Naftogaz and MGU are fully aligned on achieving the task. The two boards have signed the Memorandum of understanding which sets a new framework for an efficient cooperation. The two companies cooperate on a daily basis to streamline the preparations and ensure a smooth transition.

Naftogaz has engaged experienced consultants to cover all legal, technical and operational aspects of the unbundling process. The company management is making sure that these forces work in an organized and coordinated manner to have all practical steps taken in time to create a fully functional unbundled TSO in Ukraine by 1 January 2020.

Comments: 0

Your email address will not be published. Required fields are marked with *


Your Cart