Bloomberg News

Ukrainian Parliament Backs Bill to Ban Sale of Gas Pipelines

April 13, 2012

Ukraine’s parliament barred any sale of NAK Naftogaz Ukrainy after officials said Russia sought a stake in the state-run energy company’s natural-gas pipelines in exchange for cheaper supplies of the fuel.

A bill to boost the efficiency of Naftogaz’s pipeline system while maintaining state ownership was backed by 242 lawmakers in the 450-seat legislature, parliament said today on its website. Any reorganization of Naftogaz’s pipelines or storage facilities will now require Cabinet approval.

The former Soviet nation’s pipelines carry 80 percent of Russian gas shipments to Europe. The legislation was submitted by Yuriy Karmazin from the Our Ukraine block.

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net;

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net;


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