Joint-stock company Ukrtransgas is an independent Storage System Operator of Ukraine that stores gas in Ukraine underground, and carries out retrofit and construction of main gas pipelines and facilities on them. A sole shareholder of Ukrtransgas is National JSC Naftogaz of Ukraine.[1]
History
JSC Ukrtransgaz, a subsidiary of NJSC Naftogaz of Ukraine, was established pursuant to a Cabinet of Ministries of Ukraine Resolution No. 1173 of July 24, 1998, "On unbundling of functions for production, transportation, storage, and sale of natural gas".[2]
Until January 1, 2020, JSC Ukrtransgaz operated in 3 main areas:
However, after the unbundling (a reform in Ukraine's gas industry to separate gas transportation activities) had been completed, this function was transferred to LLC GTS Operator of Ukraine. At the same time, JSC Ukrtransgaz started operating as an independent SSO of Ukraine.
On April 7, 2023, the National Energy and Utilities Regulatory Commission (NEURC), following approval from the EU, made a final decision to certify the SSO of Ukraine in accordance with European regulations on the security of gas supply.[3]