Naftogaz of Ukraine has engaged PricewaterhouseCoopers to support the transformation of Ukrtransgaz and prepare for the unbundling of the country's transmission system operator (TSO). In the next three months, consultants will focus on the three key streams:
1) Identification of natural gas transmission assets not involved in transit activities and organization of transfer of such assets to MGU. This should happen in accordance with the following criteria: (a) the transfer of these assets does not jeopardize transit activities or any obligations of Naftogaz of Ukraine or Ukrtransgaz under the transit contract with Gazprom (b) the transfer is compliant with both primary and secondary legislation of Ukraine and (c) separation will not pose risks to the further financial sustainability of both operators.
2) Development of a roadmap for Branch TSO extension and separation into a legal entity within Naftogaz of Ukraine.
3) Assessment of functions to be transferred to the Branch TSO and implementation of a pilot project for the optimization of selected functions and their transfer to the Branch TSO.
Based on the results of the above focuses, Naftogaz of Ukraine will plan and initiate longer-term preparations for the unbundling of the TSO in the post-2019 period.
Corporate Communications Department
NJSC Naftogaz of Ukraine