Energy Law In Ukraine

Major regulatory developments

The Natural Gas Market Law

The adoption of the law "On the Natural Gas Market" in April 2015 started the harmonisation of the Ukrainian natural gas sector legislation, in line with the requirements of the Energy Community Treaty and the EU Third Energy Package. This new law, along with statutory instruments passed, simultaneously incorporats the principal rules of the EU's regulatory regime for the natural gas market into Ukrainian law.

The EU Energy Community approved these changes to the Ukrainian gas market regulatory regime by stating : "Ukraine managed to achieve an impressive record in transposing the Third Energy Package, thus becoming the first Contracting Party of the Energy Community with a significant developed regulatory framework of the natural gas market"¹.