Naftogaz to lose monopoly as gas supplier and seller after law on gas market takes force on Oct 1

09:31, 01.10.2015 1 min read

When the law on the gas market takes effect on October 1, 2015, national joint-stock company Naftogaz Ukrainy will lose its monopoly as a natural gas supplier and seller, Ukrainian Prime Minister Arseniy Yatseniuk has said.

"Naftogaz is losing its monopoly, both in supplies and sales of natural gas. We're actually building the fully European demonopolized system of the natural gas market where suppliers defines themselves to whom sell gas and buyers defines themselves from whom buy," he said at a cabinet meeting in Kyiv on Wednesday.