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Ukrainian Parliament endorses law on modernization of GTS with participation of EU and U.S.
15.08.2014 10:36 "Agro Perspectiva" (Kyiv) —
As to Government Portal, the Verkhovna Rada adopted in the second reading bill ¹ 4116à «On amendments to the laws of Ukraine on reforming the management system of the gas transportation system of Ukraine» that stipulates for the modernization and operation of the Ukrainian GTS jointly with European and American partners. The bill was designed and submitted to the Parliament by the Cabinet of Ministers of Ukraine.
The Prime Minister of Ukraine Arseniy Yatsenyuk, speaking on this issue at the session hall of the Parliament, stressed that pursuant to the law «the Ukrainian gas transportation system remains 100% state property».
In addition, the law envisages that «the Ukrainian government announces a public tender targeting to attract investors to participate in modernization and operation of the Ukrainian GTS». According to the Head of the Government, to be an investor, pursuant to the law, can only be a company from the European Union’s member country, the one having relevant certification, or from the United States of America. He explained: «The so-called operator company is controlled exceptionally by the Ukrainian state, at that 51% owned by the state, 49% can be received by the EU or the U. S. A.»
«So the goal of the law is to have the EU and the U.S. as operators of the Ukrainian gas transportation system in which Ukraine controls the company and where the ownership of the Ukrainian GTS and Ukrainian storages remains 100% in possession of the Ukrainian state. It won’t be simple to attract investors, but at least it gives an opportunity to launch political and economic negotiations with our western partners,» Arseniy Yatseniuk said.
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