Ukraine's Parliament adopted on first reading a bill under which up to 49% of the country's gas pipeline network could be sold to foreign investors.
This could pave the way for US or EU companies, which have eyed Ukrainian gas transportation system over the last months.
Russian daily Vedomosti quotes Ukraine's Energy Minister Yuriy Prodan as saying the new legislation would contribute to a long-standing reform at the utility Naftogaz Ukraine (also among EU requirements to which billions-worth aid for the country is tied) and would also increase economic efficiency within the sector.
Two private joint stock companies are to be created out of the network so that efficiency of activities could be improved.
Prime Minister Arseniy Yatsenyuk was earlier quoted as saying that the bill would allow Kiev to "attract European and American partners to the exploitation and modernization of Ukraine's gas transportation," in a situation on Ukraine's energy market he described as "super-critical".
Critics of the bill have repeatedly pointed the West has long been interest in Ukraine's pipelines, with some seeing in the Ukrainian revolution a means to get access to the system.
On Friday, Ukraine also announced it agreed to pay USD 365-370 per 1000 cubic meters of gas from the EU.
Kiev however is increasing EU-originated deliveries, with 315.8 million cubic meters from the West in May compared to 170 million during the previous month.
The United States has formally withdrawn from the World Health Organization, citing what it called a “bloated and inefficient bureaucracy” and failures that harmed the American public
The Kremlin has reiterated that a lasting peace in Ukraine is unattainable without resolving the territorial disputes in the country’s east, according to Russian presidential aide Yuri Ushakov.
World » Ukraine| January 23, 2026, Friday // 11:33
US President Donald Trump has issued a stern warning to Iran, saying the country is under close surveillance and a "massive fleet" is being deployed to the Gulf region
Delegations from the United States, Ukraine and Russia are arriving in Abu Dhabi for the first trilateral talks since Moscow launched its full-scale invasion of Ukraine in 2022
World » Ukraine| January 23, 2026, Friday // 10:28
Ukrainian President Volodymyr Zelensky used his address at the World Economic Forum in Davos on Jan. 22 to deliver a pointed rebuke of Europe’s failure to act, arguing that European leaders continue to acknowledge global threats while repeatedly postponin
World » Ukraine| January 22, 2026, Thursday // 17:15
Bulgaria has officially secured a 10 per cent stake in a consortium engaged in oil and gas exploration in the Black Sea, becoming a direct investor in the development of the country’s offshore energy resources.
Bulgargaz has submitted a proposal to the Energy and Water Regulatory Commission (EWRC) for a nearly 4 percent increase in natural gas prices starting February.
Energy Minister Zhecho Stankov has firmly rejected claims by former Finance Minister Asen Vassilev from "We Continue the Change" that Bulgaria’s inflation is driven by high household electricity prices
The U.S. Department of State, the University of National and World Economy (UNWE), and Bulgarian Energy Holding (BEH) yesterday concluded two seminars on stakeholder engagement and industrial applications of small modular reactors (SMRs)
Washington has prolonged the validity of a US license allowing negotiations for the sale of foreign assets owned by the Russian oil major Lukoil, extending it until February 28
Bulgaria is set to take an active role in oil and gas exploration in the Black Sea, joining forces with international energy companies OMV and NewMed, outgoing Energy Minister Zhecho Stankov announced
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