The Supervisory Board of JSC Main Gas Pipelines of Ukraine made a number of important decisions at the meeting on 30 December 2021.
The Supervisory Board approved the unified accounting policy of JSC "MGU" and LLC "Operator of the gas transmission system of Ukraine". The unified accounting policy applies to the financial statements of both companies starting from 1 January 2020.
The Supervisory Board of JSC "MGU" also decided to restate the financial statements of the GTS Operator for 2020.
In addition, the Supervisory Board reviewed the execution of the tasks of the Ministry of Energy of Ukraine for 2021, started developing key performance indicators for 2022, and agreed on the work plan for next year.
On the agenda for 2022, the Supervisory Board will review the strategy of the Gas TSO of Ukraine in relation to the future of the transit activities, the investment planning, decarbonization projects, and new developments for the transportation of hydrogen in the network.
In addition, other topics such as unauthorized off takes, risk management, transparency, improvement of the hub liquidity, and further implementation of best Corporate Governance practices and EU regulation will be part of the work plan for 2022.