STRATEGY OVERVIEW
CREATING AN EFFECTIVE GAS MARKET BASED ON EUROPEAN BEST PRACTICES
SECURITY OF SUPPLY: DIVERSIFICATION, INTEGRATION WITH THE EU, RELATIONS WITH RUSSIA
OPERATIONAL EFFICIENCY: RAISING TRANSPARENCY, CURBING CORRUPTION, IMPROVING FINANCIAL POSITION
GAS INDEPENDENCE FOR UKRAINE
LIBERALIZATION OF GAS PRICES COUPLED WITH EFFICIENT DIRECT SUBSIDIES SYSTEM
CORPORATE GOVERNANCE REFORM
Split Naftogaz in accordance with the new gas market law, establishing an independent gas transmission system operator (TSO) and ensure that all market participants have equal and transparent access to the gas transmission capacities
Ensure the implementation of other provisions of the new gas market law Encourage price liberalization, liquidity and unobstructed competition in all segments of the market that are not natural monopolies
Assist in reforming the system of protecting vulnerable consumers
Ensure reliable gas supply to Ukrainian consumers and uninterrupted gas transmission across Ukraine to other European countries
Defend the interests of Naftogaz in litigation with Gazprom: bring the current contracts in line with relevant legislation and receive compensations for excessive gas payments and lost revenue from gas transit
Ensure integration with the EU gas market through political, legislative, infrastructural and marketing processes
Attract partners to manage the gas transit system and underground gas storage facilities on conditions optimal for Ukraine
Optimize internal business processes, eliminate potentially corrupt practices Support the corporate governance reform and other legislative changes necessary to create efficient and sustainable business models in Naftogaz and group companies
Maintain the highest possible level of gas production by the group until retail gas prices are liberalized Develop and initiate a program of replacing obsolete heating systems for consumers which use gas the least efficiently
Create opportunities to diversify transmission routes and sources of imported gas
Introduce new transparency standards, regularly disclose financial and operating information, encourage independent analysis
Review and bring to order the company’s accounts receivable and accounts payable
Develop an investment program to maximize gas production following price liberalization
Encourage the use of alternative sources of gas
Develop and implement an action plan to reduce gas consumption within the group