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The GTS are transferred to the Department of energy

Photo: Reuters the Cabinet has transferred the assets of the Ukrainian GTS in the Department of energy

The Cabinet of Ministers at today’s meeting decided about the transfer of assets of the gas transportation system of Ukraine in the management of the Ministry of energy and coal industry.

The assets of Ukraine’s gas transportation system (GTS) will pass from the company to the management of the Ministry of energy and coal industry. The decision was taken at a government meeting today, 14 February, reported Ukrainian news.

According to the draft resolution, the assets will be later sent to PAO Main gas pipelines of Ukraine (PJSC MSU ).

The transfer shall be subject gas pipelines, compressor stations, including the high pressure compressor stations, gas distribution and gas metering stations; underground gas storage; property service departments; road transport, specialised transport and other property necessary for the efficient operation of PJSC MSU.

According to this decree, Naftogaz of Ukraine should help until June 1, 2018 the Company to transfer part of functions of PAO MSU.

The decree comes into force 10 days from the date of entry into force of decisions of the Arbitration Institute of the Stockholm chamber of Commerce in the dispute between Naftogaz and company, Gazprom contracts for the period of 2009-2019 years.

We will remind, the first meeting of the working group responsible for consultation with the international operators who are interested to become partners in the management of Ukraine’s GTS.

 

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