News 2 - The Committee on Industrial and Regulatory Policy and Entrepreneurship recommends that the Parliament adopts as a Basis the Bill on Amendments to several Laws of Ukraine regarding Licensing of Sale of Domestically Produced Natural Gas by the Economic Entities, submitted by the Cabinet of Ministers of Ukraine - Verkhovna Rada of Ukraine

The Committee on Industrial and Regulatory Policy and Entrepreneurship recommends that the Parliament adopts as a Basis the Bill on Amendments to several Laws of Ukraine regarding Licensing of Sale of Domestically Produced Natural Gas by the Economic Entities, submitted by the Cabinet of Ministers of Ukraine

Published on 20 May 2008, at 15:25

The Bill (Reg. No.2255) establishes normative and legal principles of licensing the sale of domestically produced natural gas by the economic entities that extract the natural gas. Inter alia, the Bill establishes the price of natural gas extracted by the licensees, envisages supervision over observance of the terms of licensing, especially over the use of funds obtained due to the sale of domestically produced natural gas.

Implementation of the Bill envisages introduction of amendments to Article 6 of the Law "On Natural Monopolies".

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