Three years required to separate underground gas storage facilities from gas transport system – Ukrtransgaz

Up to three years is required to separate underground gas storage facilities from gas transportation facilities and to establish two separate companies, Ukrtransgaz President Ihor Prokopiv has said.

"The division of our underground gas storage facilities from our transport facilities is a complicated task. It is not easy to reorganize the holding because we have a united team of employees. When we talked with World Bank representatives, we concluded that the transition would take up to three years," he said.

Prokopiv said that the underground gas storage facilities are to be separated into a branch and will test operating procedures in this mode.

He said that his company will be separated from national joint-stock company Naftogaz Ukrainy in 2016.