RT: Ukraine votes to keep Western companies out of gas industry

July 25, 2014

2012: What's the 'real' truth?

Published time: July 25, 2014 12:11

Valves of gas pipe-line are seen not far from Kiev. (AFP Photo / Andrey Sinitsin)

Valves of gas pipe-line are seen not far from Kiev. (AFP Photo / Andrey Sinitsin)

Ukraine’s parliament has rejected allowing EU and US companies to buy up to 49 percent of oil and gas company Naftogaz, and also said they were against liquidating the national energy monopoly.

Kiev rejected splitting the company in two, a measure encouraged by the West in order for Naftogaz to comply with Europe’s third energy package, which doesn’t allow one single company to both produce and transport oil and gas.

The bill proposed creating two new joint stock companies in order to conform to the package, “Ukraine’s Main Gas Transmission” and “Ukraine’s Underground Storages.”

The proposal sought to meet the requirements of EU legislation and strengthen Ukraine’s energy independence.

Earlier in July, the Ukrainian parliament passed a first reading of the bill that would have allowed Western companies up…

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