Government decides to create Trunk Gas Pipelines of Ukraine

14:15, 09.11.2016 1 min read

Ukraine's Cabinet of Ministers has decided to create public joint-stock company Trunk Gas Pipelines of Ukraine within division of national joint-stock company Naftogaz Ukrainy in types of operations.

The decision was made at a government meeting on Wednesday.

The government also decided that an attic of a nonresidential building at 3A, Honty Street in Kyiv worth UAH 3.786 million will be transferred to the newly created company.

Thus, the company's charter capital is formed.

In addition, the government decided to change the term of trunk gas pipelines management reform.

"The decision has been discussed out by a working group for a long time. All members of the group consisting of representatives of IFIs [international financial institutions], Energy Community and the European Union gave their consent. This is a consolidated decision to revise the terms, as we had a delay," Deputy Prime Minister Volodymyr Kistion said.