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Cabinet approves bills on emergency state in energy sector, joint operation of GTS with EU, US

18-06-2014 17:34

The Ukrainian government has approved a bill to introduce a state of emergency in the energy sector and a bill on operating and modernizing the Ukrainian gas transmission system (GTS) together with European and U.S. investors, Minister of the Cabinet of Ministers Ostap Semerak has said.

"The cabinet has approved the bills, and they have been registered in the Verkhovna Rada. … The parliament may consider them at its meeting [on Thursday]," he told reporters after a cabinet meeting on Wednesday. Premier Arseniy Yatseniuk said earlier that the bill should lay down the procedure for introducing a state of emergency in the energy market, control mechanisms, and mechanisms for energy efficiency. Ukraine plans to establish a joint venture with European and U.S. partners to operate and upgrade its GTS. Ukraine will have control over the joint venture.