“By an Opinion adopted today under the Third Energy Package, the Secretariat confirmed that the newly established gas transmission system operator of Ukraine, GTSO, is unbundled in line with the requirements from European law,” the message said.
It is note that the positive conclusion of the European Energy Community is the consequence of the law on the independent gas transporting system operator recently adopted by the Verkhovna Rada. On the basis of this Law, the vertically integrated Naftogaz group transferred the shares in operator of gas transporting system to main gas pipeline of Ukraine, a holding company controlled by the Ministry of Finance. The Ministry of Finance also equipped operator of gas transporting system with so-called economic management rights over the transmission assets, which enable the company to use and operate the state-owned system. As a consequence of these transactions, operator of gas transporting system will operate as an independent system operator (ISO) as from 1 January 2020.
The certification is held by Ukrainian regulation body, the National Commission of the state regulation in the spheres of energy and public services, which should consider the opinion of the Secretariat.
The law on the establishment of an independent operator of Gas Transportation System, which had been previously published in the parliamentary edition "Voice of Ukraine", has gone into effect in Ukraine. It envisages amendments to the Tax Code of Ukraine.
The Cabinet of Ministers has to adopt the normative-legal acts provided by this law and harmonize its normative-legal acts with this law within one month from the day the law enters into force.