Cabinet willing to demonopolize Ukraine's gas market

Ukrainian Prime Minister Volodymyr Groysman says the Cabinet intends to demonopolize the natural gas market in Ukraine and ensure its transparency with the newly appointed supervisory board of the National Joint-Stock Company Naftogaz of Ukraine, according to the governmental press service.

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"I am interested in the transparency of the gas market and fair price formation," the prime minister said.

Demonopolization and formation of an efficient fuel market are the major challenges of Naftogaz as the country's largest energy company, he added.

Read alsoEBRD cheers progress as Ukraine replaces Naftogaz board - ReutersAs UNIAN reported earlier, on November 22, the Cabinet of Ministers backed the appointment of new members to Naftogaz Supervisory Board.

According to Groysman, the board's principal objectives will be ensuring the company's efficiency, conducting a rapid separation of supplies, production and trading, providing a sharp increase in gas output, income, and budget revenues, as well as cost reduction and maximum demonopolization of the Ukrainian gas market.

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