Government has ensured gradual process of separation of functions of
transportation and storage (unbundling) and is introducing international
practices in corporate governance of companies, the shareholder of which is the
state (in particular, Naftogaz of Ukraine). Vice Prime Minister of Ukraine
Volodymyr Kistion told about that during the forum
"Energy Security for the Future: A New Vision, Strategy, Innovation."
to the Third Energy Package we effectively introduce market rules in the gas
sector. Last year the Government fixed an economically reasonable price for gas,
thereby making it possible for the first time in 20 years to turn Naftogaz of Ukraine
into a non-deficient company, said Volodymyr Kistion.
that the Government is actively working on the unbundling process for the
Naftogaz of Ukraine.
provides on consistent basis legal support for the unbundling process – the separation of functions of transportation and storage of
natural gas. The process is complex, but step by step we are moving forward",
said the Vice Prime Minister.
He reminded that in
fact the procedure of unbundling can occur only after a separate
ruling issued by the Arbitration Institute of the Stockholm Chamber of Commerce.
procedure of unbundling is possible after a positive decision of the Stockholm arbitration. I am
convinced that the claims of the Ukrainian side to Gazprom
are quite reasonable, though I expect for a fair ruling in the dispute", said
recalling that recently there had emerged certain information about another ruling
of the Arbitration Institute of the Stockholm Chamber of Commerce in which the Institute upheld the
claims of" Naftogaz of Ukraine" against the Russian "Gazprom" on gas price and canceled a ban on
Volodymyr Kistion also told
about the introduction of the principles of Organization for Economic
Cooperation and Development (OECD) in corporate governance of NJSC "Naftogaz"
and other companies in which shareholder is the state.
"I want to
emphasize that Ukraine sees the process of introduction of a corporate
governance reform in companies whose shareholder is the state. For strategic
energy companies such as NJSC "Naftogaz of Ukraine", NNEGC "Energoatom",
NPC "Ukrenerho" - it means a modern standard
of corporate governance in line with the principles of the Organization for
Economic Cooperation and Development", stressed Volodymyr Kistion.
Apart from that,
he noted that the Government had developed and submitted to the Parliament a
bill that stipulates for the introduction of best European practices of
first time during Ukraine's independence years the management of public
companies having strategic importance will be distanced at most from political
influence", said Deputy Prime Minister.