The Cabinet of Ministers of Ukraine has relaxed the requirement for the reserve stock of gas for suppliers from 100% to 50% of the monthly volume, an advisor to the Energy and Coal Industry Minister of Ukraine Oleksandr Vovk wrote on his Facebook page.

"It was managed to partially press on the right approach – the cabinet decided to reduce the reserve stock to 50% of the planned month supplies. The issue regarding extracting companies remains unsettled," he said.

Earlier Vovk said that due to the position of national joint-stock company Naftogaz Ukrainy the cabinet failed to decide on the reduction of the obligatory reserve stock for gas suppliers.

He said that the ministry proposed that the reserve stock is cut from 100% to 50% for traders and 10% for producers.

"However, Naftogaz opposed any reduction of the reserve stock both for producers and traders, and the decision was not made. Earlier Naftogaz proposed that the reserve stock of gas should be 200% of the planned monthly supplies," he said.

The ministry said that the America Chamber of Commerce in Ukraine, largest Ukrainian producers, ENI, Engie, Trailstone, representatives of the parliamentary committee for fuel and energy complex and the Economic Development and Trade Ministry asked the cabinet to reduce the reserve stock for gas.