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Poroshenko signed Law “On the Natural Gas Market”
05.05.2015 11:07 "Agro Perspectiva" (Kyiv) —
The Ukrainian President Petro Poroshenko has signed the Law «On the Natural Gas Market» adopted by Verkhovna Rada on Apr 9, President Petro Poroshenko Press Office reports.
As to the report, the law determines legal grounds of natural gas market’s functioning and is aimed to create an efficient competitive environment in the given sphere taking into account the main requirements of the EU legislation.
Reportedly, law № 329-VIII stipulates that the natural gas market is based on the principles of free competition, proper protection of consumers’ rights and security of natural gas supply. It says the Ukrainian natural gas market is able to integrate with respective markets of the States-members of the Energy Community, inter alia, through the creation of regional natural gas markets.
Besides, the law establishes economically sound approaches to the organization of the gas market and provides for the separation of functions of operators, gas distributors and suppliers. It clearly defines functions of the State, provides for the independence of the regulator and free pricing.
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