Thursday, March 3, 2016

Ukrainian Energy Forum: EU and experts demand acceleration of energy reforms

Lack of progress in the Ukraine’s energy sector reforms was the main headline at the Ukrainian Energy Forum, a three-day conference in Kyiv that started on March 1. The event drew Ukraine’s top energy representatives and international experts, along with at least 300 senior energy executives from 20 countries worldwide.
Vice President of the European Commission Maros Sefcovic during his keynote speech emphasized that Ukraine must act now to implement specific structural changes in the energy sector, what is one of the European Union’s top priorities. Among reforms, which EU expects from Ukraine:
 - the swift approval of a law on a national energy and utilities regulatory commission by Ukraine’s parliament 
 - adoption of a new electricity law to bring the country into line with its commitments to the European Energy Community 
 - developing a fair pricing system and creating a transparent public procurement system for energy companies 
- full unbundling of Naftogaz, Ukraine’s state-owned gas monopoly, what is essential for a competitive, efficient and innovative energy market operation  
Read more at http://www.kyivpost.com