Ukraine rules out gas transport system privatization

July 11, 2014

Ukraine’s gas transportation system and national power company Ukrenergo will not be privatized, Energy and Coal Industry Minister Yuriy Prodan said on Thursday.

“The gas transportation system will not be put up for privatization. The State Property Fund is currently dealing with this issue,” the minister said. “There are also grid networks, high-voltage lines and the company Ukrenergo. I believe that they should also remain state-owned,” he added.

The minister said all the other state energy companies could be privatized.

Copyright, Itar-TASS, 2014.