On April 9th 2015, the Ukrainian parliament adopted a new gas market law. The significance of this law for the Ukrainian energy sector and ultimately for the entire Ukrainian economy can hardly be overestimated. In fact, the European Commission has welcomed the new legislation as a powerful component of energy reforms in Ukraine. According to Janez Kopač, Director of the Energy Community Secretariat, the newly adopted Ukrainian law is compliant with the EU’s Third Energy Package. The gas market law pursues two noteworthy objectives. Firstly, it is aimed at ensuring proper market functioning, meaning equal conditions for market players and non-discriminatory access to storage and transportation of natural gas. The second important objective is the implementation of EU laws in Ukraine and, ultimately, the establishment of a legal framework that enables integration of Ukrainian and EU energy markets. Read more at http://www.neweasterneurope.eu
