France's Engie intends to obtain license for gas supply in Ukraine

The decision to grant a license to the Ukrainian subsidiary of Engie (formerly GDF Suez, France) will be considered at a meeting of the National Commission for Energy, Housing and Utilities Services Regulation (NCER) scheduled for August 1, 2017, Interfax reports.

Engie Energy Management Ukraine, in addition to gas trading, in the classification of activities also formalized the possibility of gas and oil production, distribution and trade in electricity.

GDF International owns 99% of Engie Energy Management Ukraine, 1% belongs to Sopranor (both registered at the same address in France).

As reported, in June-July 2017 Trafigura Ukraine LLC, a subsidiary of Trafigura, the world's major commodity trader, and MET Ukraine, a subsidiary of Swiss MET Holding AG, obtained licenses for gas supply in Ukraine.

As of June 14, 2017 the NCER had issued 276 licenses for gas supply in Ukraine.