Despite facing wartime challenges, Ukraine’s energy sector earns acknowledgment from the European Commission, marking significant progress toward European integration.
Challenges and Triumphs in the 2022-23 Heating Season
The heating season presented unprecedented challenges, with deliberate attacks on Ukraine’s energy sector. However, collaborative efforts, especially from Naftogaz, ensured uninterrupted energy supply, showcasing resilience in adversity.
Naftogaz Spearheading Reforms for Post-War Recovery
Naftogaz plays a pivotal role in corporate governance reform. Recent governance changes, including a new Supervisory Board, align with OECD Guiding Principles, setting the stage for efficient state-owned enterprises and post-war recovery.
Market Liberalization and Reforming Public Service Obligations (PSO)
The European Commission urges Ukraine to progress in market liberalization, emphasizing cost-reflective pricing and targeted support over Public Service Obligations (PSO). Reforms in these areas are critical for enhancing energy efficiency and fostering transparent, competitive markets.
Strategic Gas Reserves and Future Outlook
Naftogaz’s strategic approach to gas reserves for the winter of 2023-24, including collaboration with private firms, exemplifies proactive solutions. Successful trading practices contribute to a robust reserve, ensuring stability and reducing reliance on imports. The European Commission’s recommendations guide Ukraine toward a sustainable energy future.
Source：kyivpost.com
