Burisma Holdings, EFET and European Energy community bring energy workshop to Kyiv

July 15, 2015

Burisma Holdings, independent Ukrainian gas producer joint the European Federation of Energy Traders (ETEF) and the European Energy Community for the workshop on “Gas purchasing and Ukraine’s energy challenge” on July 15 in Kyiv.

The Director of the Energy Community Secretariat Mr Janez Kopac and the Chair of EFET Gas Committee Mr Doug Wood attended the event. The workshop also brought together all major companies in the Ukrainian energy market as well as main gas suppliers from Europe to Ukraine, i.e. RWE, Statoil, GDF Suez, E.ON. They were glad to share their views on how to reform the Ukrainian energy market.

As a key topic, the workshop raised the issue of implementing the Third Energy Package and functioning of the Ukrainian energy sector in an open market following European practice. Mr Kopac noted that active cooperation between Ukraine and the EEC is an important tool for reforming Ukrainian energy market. “Energy Community wants to see Ukraine integrated into the European gas market – he said. – We want to see in Ukraine new gas sources, liberalization of the domestic gas market as well as an increase in domestic gas production to a level that would allow Ukraine to export gas “.

Implementation of the Energy Community Directives helps countries reform energy markets in line with EU requirements for transparency and equality.

According to the Advisor to the Board of Directors at Burisma Holdings Vadym Pozharskyi, the introduction of the Third Energy Package in Ukrainian electricity and gas sector taking into account current changes in the country will cause a visible shift in the entire European energy “paradigm”. From now on, it will be backed up by Ukrainian energy potential.

European officials reiterated their willingness to cooperating on improving Ukrainian legislation, and welcomed the Law of Ukraine “On the natural gas market” adopted by the Verkhovna Rada of Ukraine.” This is an important step towards progress. Creating a level playing field for all market players and a indiscriminate access to natural gas storage and transportation constitutes a major part of the market liberalization process”, – said Mr Doug Wood.

Third Energy package calls upon energy companies and EU countries to further liberalization of the energy and gas market. A pipeline network operator will no longer be able to discriminate against any liability companies and pick favorites. Thus, gas pipelines will be like freeways in the sense that it owners and/or managers will be treating all users equally.

The EFET (European Federation of Energy Traders) was founded 15 years ago. Today, it has 126 members that are the largest EU and Swiss companies engaged in energy and gas trading. The said organization cooperates with the European Commission and other EU institutions. It strives to create a competitive European market energy companies, as well as to eliminate existing barriers, inter alia, by building bridges between gas and energy systems of different countries.

The European Energy Community unites the EU and a number of countries that signed the Energy Charter. The Energy Community has two advisory forums for gas and electricity. Ukraine joint Energy Community in February 2011. To date, it has 15 EU member countries, eight countries from South and Eastern Europe – Albania, Bosnia and Herzegovina, Macedonia, Moldova, Serbia, Croatia, Montenegro, Ukraine and Kosovo. The Director of the Energy Community Secretariat Mr Janez Kopac repeatedly pointed out to the Ukrainian government the cases of its violation of the European gas and energy directives.

For more detailed information please contact our press-center: media@burisma.com

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