Ukraine - natural gas export restriction lifted

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The Gas Market Law will now allow the Ukrainian oil and gas monopoly - the National Joint-Stock Company “Naftogaz of Ukraine” (“Naftogaz”) and its subsidiaries, to export natural gas out of Ukraine. The export shall be carried out in accordance with (i) the annual prognostic balance of the natural gas intake and distribution in Ukraine and (ii) the procedure envisaged by the Ministry of Energy and Coal Industry of Ukraine.

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