Supervisory Board of Naftogaz of Ukraine is pleased to announce it has reached an agreement with the Supervisory Board of Mahistralny Gazoprovody Ukrainy (MGU) on a roadmap of cooperation towards a full and transparent unbundling of Ukraine’s gas transmission function.

“This is a critical milestone that will ensure Ukraine is in compliance with EU regulations while guaranteeing Ukraine’s energy security and economic prosperity. We would like to thank Prime Minister Groysman for the government’s leadership as well as U.S. Assistant Secretary of State Frank Fannon for his help and support during his current visit to Kyiv, and the rest of the international community for their support and guidance”, commented Clare Spottiswoode, Chairperson of Naftogaz’ Supervisory Board.

Under the agreed Memorandum of Understanding, the unbundling process is to be finalized at the beginning of 2020, after the existing transit contract with Gazprom expires.