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Rada Introduces Gas Market Operation Rules Coordinated With European Energy Community

Relevant draft law No.2250 in second reading and as a whole received votes of 290 Members of Parliament, while 226 votes enough for approval.

The Verkhovna Rada has introduced rules of operation in the natural gas market, coordinated with the European Energy Community, which will allow implementing provisions of the Third Energy Package of the European Union in Ukraine.

Relevant draft law No.2250 in second reading and as a whole received votes of 290 Members of Parliament, while 226 votes enough for approval.

The law is aimed at creation of an effective competitive environment in the market of natural gas taking into account requirements of the EU laws, including general rules for the domestic gas market and conditions of access to the gas transmission networks.

The explanatory note says the law envisions provision of non-discriminating access to the gas market for all entities and consumers.

The draftsmen opine: endorsement of the law and its further implementation will ensure integration with the Energy Community gas markets, which includes creation of regional markets of natural gas.

According to Deputy Minister of Energy and Coal Industry Ihor Didenko, adoption of this law will enhance positions of the National Commission for State Regulation of Energy and Public Utility Services and the Cabinet of Ministers in the field of market gas pricing.

As Ukrainian News earlier reported, on February 4, the Cabinet of Ministers approved a draft law on the natural gas market.

President Petro Poroshenko believes that creation of a gas hub on the basis of the markets of Ukraine and Visegrad Four (Slovakia, Hungary, Czech Republic and Poland) will be in these countries' interests.

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