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Ukraine’s Antimonopoly Committee opens case against Naftogaz

Source : 112 Ukraine

It is noted that since November 1, 2018, Naftogaz has set natural gas prices at a certain level that would not be possible in the conditions of considerable competition
17:05, 2 March 2020

112 Agency

The Antimonopoly Committee of Ukraine (AMCU) has started considering the case against Naftogaz-Ukraine on the violation of the Law on Protection of Economic Competition in the form of abuse of monopoly position in natural gas markets. This was reported on the AMCU’s website.

It was stated that since November 1, 2018, Naftogaz had set natural gas prices at a certain level that would not be possible in the conditions of considerable competition.

Related: Ukraine, Slovakia to launch virtual gas reverse from March 1

Naftogaz has set prices for industrial consumers that are higher than those in the competitive environment, in particular on the results of electronic bidding at the Ukrainian Energy Exchange and at European hubs for gas delivery to the Ukrainian border (NCG),” the message reads.

As we reported earlier, in March 2020, JSC Naftogaz-Ukraine reduced natural gas prices for industrial consumers and other business entities.

Depending on the volume of purchases and payment terms, Naftogaz offers gas at a price of 175 dollars per one thousand cubic meters, excluding VAT and transportation costs for trunk and distribution pipelines.

Related: Why Ukraine's gas production is declining and not going to grow?

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