Snam, Eustream, Naftogaz and Ukrtransgaz sign a Memorandum of Understanding aimed at cooperation opportunities in Ukraine’s gas transmission network, announced slovak Eustream on April 10, 2017.
Italy’s Snam, Slovakia’s Eustream and Ukraine’s Naftogaz and Ukrtransgaz have signed a MOU aimed at jointly evaluating opportunities for collaboration in the operation and enhancement of the gas network in Ukraine.
The MoU was signed in the presence of Mr. Canete EC Commissioner for Climate Action & Energy, Italy’s Minister of Economic Development Carlo Calenda, and Ukraine’s Minister of Energy Ihor Nasalyk.
Moreover, it is aimed, among other, at maintaining the quality of natural gas transmission in Ukraine, in line with the standards of European markets, ensuring that the Ukrainian gas transmission system (GTS) is operated in a safe and efficient manner and is accessible on a transparent and non-discriminatory Third Party Access basis, in compliance with the applicable legislation.
Under the scope of the Memorandum, the companies will make a joint assessment on the operation and enhancement of Ukraine’s gas transmission network in order to make the Country’s transportation system more efficient, advanced and competitive.
Ukraine is implementing the unbundling of the gas transmission system operator (TSO) from the incumbent Naftogaz and has expressed its interest in cooperating with an experienced Western transmission system operator(s) in the operation of the national transmission system, in accordance with the law of Ukraine «On the Natural Gas Market».
This will help fostering the liquidity and security of supply for both the EU and Ukraine’s gas markets, fully in line with the EU Commission Energy Security Strategy.
To read the full story in Russian.