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 Fully-fledged energy market starts taking shape in Ukraine, PM Hroisman says

Prime Minister of Ukraine Volodymyr Hroisman says a fully-fledged energy market is beginning to emerge in Ukraine.

As reported by Censor.NET, the prime minister wrote on Facebook.

According to Hroisman, in October, French-based Engie signed an agreement with Ukrtransnhaz SE to keep gas in Ukrainian storage facilities. Moreover, Trading SA (Switzerland) and TrailStone Energy LLC (U.S.) have also concluded similar agreements with Ukraine recently.

Read more: Ukraine does not receive gas from occupied Crimea, - Ukrtranshaz press secretary Biliavskyi

"A fully-fledged energy market is beginning to emerge in Ukraine today which we could never have hoped for until recently. The market means competition and competitive prices for consumers. The development of a fully-fledged energy market, increase in domestic gas production, the energy efficiency technologies introduction, increase in budget revenues from state-owned companies are the consequences of those decisions we take to recover the energy sector. These decisions will ultimately make Ukraine stronger and more independent and allow the state to gradually raise social standards," he wrote.

Read more: Ukraine used 1 billion cubic meters of gas in six weeks of heating season

According to Hroisman, it was years-long corrupt practices allowing the oligarchs siphoning off public funds that had impoverished Ukraine.

"When we are criticized for the fact that 6.5-7 million households will receive grants-in-aid, I would like to say that it was not the new tariffs that made Ukrainians poor. Our country was devastated by the corrupt practices allowing the oligarchs siphoning off public funds that were justified by allegedly cheap gas. We are ruining these practices regardless of the fierce resistance of those involved in their creation. And the reports that we obtain confirm that the situation is changing while these changes are going to be increasingly tangible with every passing day," the prime minister wrote.
 
 
 
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