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Volodymyr Groysman and Maros Sefcovic discuss ways of strengthening cooperation between Ukraine and the EU in the energy sector
02.09.2016 | 13:53

On Friday Prime Minister of Ukraine Volodymyr Groysman had a meeting with Vice-President of the European Commission for Energy Union Maroš Šefčovič. The parties tackled further cooperation between Ukraine and the EU in the energy policy, in particular reforming the energy domain and the establishment of a National Energy Efficiency Fund in Ukraine.

The Prime Minister and the Vice-President of the European Commission for Energy Union assured of the readiness to complete work and to sign in the near future a new Memorandum of understanding on cooperation in energy sector.

Volodymyr Groysman announced that the Government is finalizing work on the Energy Strategy of Ukraine. Vice-President of the European Commission Maroš Šefčovič welcomed the intention of the Government to complete the relevant Energy Strategy and expressed the EU's commitment to support this activity.

The PM informed that there had been submitted a package of bills to the Verkhovna Rada that should be approved, in particular on the national regulator and the electricity market. The Government determined these acts a priority and expects the Parliament from the first day of the new session will adopt the aforesaid legislation, said the Prime Minister.

The parties discussed opportunities of support by the European Union for Ukraine in the establishment of the National Energy Efficiency Fund, in particular in terms of development of necessary legislation.

Volodymyr Groysman reminded that on 1 July the Cabinet of Ministers of Ukraine had adopted a Resolution “On unbundling of operations for transportation and storage (injection, withdrawal) of natural gas”, thereby approving the restructuring plan of the NJSC Naftogaz of Ukraine aimed to separate the activities of transportation and storage of gas. Maroš Šefčovič commended initial steps taken by the Government to reform the corporate system of management of the NJSC Naftogaz of Ukraine.

The PM urged to join forces with the EU in the modernization and using opportunities of the transit potential of Ukraine.

Vice-President of the European Commission stressed that Ukraine has significant potential to be an exporter of energy. The parties agreed to cooperate closely in the elaboration of crucial laws and energy efficiency measures.

The interlocutors agreed to combine the efforts of Ukraine and the European Commission to conduct all necessary procedures to obtain a US$ 500 billion loan from the World Bank for Ukraine.

The parties also raised an issue of preparation for the upcoming autumn-winter period. The Vice-President of the European Commission welcomed the Government's decision to pump up into underground storage facilities of Ukraine by 3 billion cubic meters of gas more than planned.


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