REUTERS
NJSC Naftogaz Ukrainy, the largest Ukrainian state energy holding, will lose its monopoly both for the supplies and the sale of natural gas since October 1 due to the entry into force of a new law on the natural gas market, Ukrainian Prime Minister Arseniy Yatsenyuk said at a Cabinet meeting on September 30, according to an UNIAN correspondent.
"On October 1, the Law of Ukraine on the gas market will come into force, and it will radically change the system of coordinates and the gas market itself. Naftogaz Ukrainy will lose its monopoly both for the supplies and the sale of natural gas. In fact, we are building a fully European non-monopolized system of the natural gas market, when the supplier may personally determine to whom and where to sell, and when the buyer may personally decide from whom he wishes to buy," Yatsenyuk said.
Read alsoGazprom responds to EU's anti-monopoly claims offering settlement of disputeAs UNIAN reported earlier, in April 2015, the Verkhovna Rada of Ukraine adopted the government's Law "On the natural gas market."
UNIAN's memo. NJSC Naftogaz Ukrainy is Ukraine's largest vertically integrated state-owned oil and gas producer, whose companies provide for more than 97% of domestic production of oil and gas.
Naftogaz Ukrainy is engaged in mining, oil and gas extraction, transportation and sale of petroleum products through its own network of filling stations.