Eustream to help Ukraine

Ukrainian gas companies signed memorandum of understanding with Slovak Eustream and Italian Snam.

Gas transmitter EustreamGas transmitter Eustream (Source: Sme)

Ukraine’s Naftogaz and Ukrtransgaz, Italy’s Snam and Slovakia’s Eustream signed a memorandum of understanding in Rome on April 10. Under the scope of the memorandum, the companies will make a joint assessment on the operation and enhancement of the Ukraine’s gas transmission network, Eustream announced on its website.

“The aim is to make the Ukrainian transportation system more efficient, advanced and competitive,” said Pavol Kubík, spokesperson of Eustream as cited by the SITA newswire.

The Ukraine is implementing the unbundling of the gas transmission system operator from the incumbent Naftogaz and has expressed its interest in cooperating with an experienced Western transmission system operator(s) in the management of the national transmission system, in accordance with the Law of the Ukraine “On the Natural Gas Market”, the Eusteram press release reads.

Read also:Ukraine complains to EU over Eustream Read more 

“This will help foster the liquidity and security of supply for both the EU and Ukraine’s gas markets, fully in line with the EU Commission Energy Security Strategy,” said Kubík.

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