Market Analysis

The draft Law of Ukraine On the fundamentals of the natural gas market as developed by the Interagency Coordinating Group on implementing the joint statement on the results of an international investment conference of the EU-Ukraine to modernize the Ukrainian gas transport system, are inconsistent with European experts from all five questions.

about this in an interview with the Mirror of the week , said Deputy Minister of Fuel and Energy Minister Sergei Pavel.

He recalled that the issues of reforming the natural gas market - the main component of the Brussels agreement of Ukraine and the EU. This key element of such reform should be to develop the draft law On the fundamentals of the natural gas market, which would be based on the principles of EU legislation in this area.

In developing the bill team collaborates with experts from the European Commission. They are not only working on the document in its examination for compliance with EU norms, but also regularly attend meetings of the working group. And we, and most importantly, the EC appreciate that cooperation as a very efficient , - said Pavel.

According to him, to date, with the European side are inconsistent all five questions. Some of them regard the terminology, the identity of which is extremely difficult to provide taking into account existing differences in legislation in the gas sphere of Ukraine and the EU. Other comments and observations of European experts, according to Pavel, related primarily to the disengagement of functions related to transportation and gas supply, power NERC and tariff policy.

We continue to work towards agreeing on these points. Development of the bill, which would be consistent with the principles of a liberalized gas market of the EU is a priority for the Ministry of Fuel and is under special control of the minister, because, among other things, this is a condition for the successful completion of negotiations on Ukraine's membership in Energy Community, of the receipt of credit resources for the implementation of investment projects, as well as credits for the creation of gas reserves for the winter of 2009-2010 - the deputy minister stressed.

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