Ukraine's entry in Energy Community, a pact that ensures countries share the same legal framework for energy investments, will enhance Europe's security of gas supply, the European Commission said Friday.
Ukraine
's
entry in Energy Community, a pact that ensures countries share the same legal
framework for energy investments, will enhance
Europe
's
security of gas supply, the European Commission said Friday.
"This is a major step both for the Energy Community and
Ukraine
, said
Marlene Holzner, spokeswoman for Energy Commissioner Guenther Oettinger. "It
will enhance security of supply."
The European Commission now expects
Ukraine
to
ratify the pact in the next few months, so it can become a full member by early
next year, Holzner said.
The pact ensures member countries share the same legal framework to enforce
transparency in investments, open access to the markets, and limit abuse of
dominant market positions.
Holzner also said that now
Ukraine
's
national energy company Naftogaz has to separate its production business from
the transmission activities, in line with European and Energy Community rules.
"
Ukraine
has
to split the two," she said.
The country's Minister of Fuel and Energy, Yuriy Boyko, signed earlier Friday
an agreement to enter the Energy Community.
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