Olga Bielkova joined the management team of Gas TSO of Ukraine LLC in In June 2020 where she is responsible for promoting and protecting the interests of GTSOU in the international arena and among key regulatory bodies.
Previously Member of Ukrainian Parliament (Verkhovna Rada of Ukraine), three terms 2012-2020: Member of the Verkhovna Rada’s Committee on Finance, tax and customs policy (2019-2020); Deputy Head of the Verkhovna Rada’s Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety; Permanent Member of the Ukrainian Delegation to the Parliamentary Assembly of OSCE (2014-2019); Member of the Verkhovna Rada’s Committee on Finance and Banking (2012-2014).
Throughout the years, Olga has been building her expertise in the following Public Policy focus areas: energy reform and creation of competitive energy markets; unification of energy prices at a market level; transition to more efficient subsidies for energy consumers; establishing an independent energy regulator; ensuring full transparency of the energy sector; fiscal regime improvement for the energy sector; simplification and unification of the regulatory framework for the oil and gas producers; SOE efficiency; improvement of energy SOE’ corporate governance; national energy security, energy independence and diversification of energy suppliers; banking sector reform, digitalisation of Ukraine, gender issues.
Olga holds a Master’s degree in Public Administration from the Harvard Kennedy School of Government, a law degree from the Kyiv Shevchenko National University and a degree in economics from the Cherkasy State Engineering University.
How is #United4EU reflected in your work?
Today, we see how the mantra United for Europe is expanded through the position “United for Ukraine”. “United around Ukraine”. As Gas TSO of Ukraine, we experience extraordinary solidarity and support from European companies, organisations, and authorities. Today, in challenging times in the energy sphere, all European countries and businesses are united in overcoming current challenges, especially when it comes to reducing dependence on Russian gas and stabilising gas markets. You would think that each of us is doing it out of self-interest, but this is one of the practical ways to convert the mantra into something useful and pragmatic. Becoming fully independent from Russian gas supplies will be only achieved unitedly when all European countries work together.
How is your company acting in those challenging times?
As Gas TSO, we can only support other countries and market players to pass smoothly during that period of transformation. We offer capacity and continue our business regardless of our own struggles.
Ukraine is committed to open, transparent gas market rules and principles of European solidarity, coming to liberal gas market reform back in 2015. Once the war is over, we will continue the market development according to European regulations, integrating further into the EU.
What does your company implement to support a more diverse, inclusive equitable energy system?
Despite the war and core business related to conventional fossil fuels, we currently make great efforts to foster the development of renewable gases, especially biomethane, to contribute to the decarbonisation and energy transition in Ukraine and Europe. We will continue doing everything possible and beyond to support Europe in gaining independence from Russian energy resources.
What are your recommendations for the energy sector?
First, Europe must achieve energy independence: get alternatives to the Russian gas supply, develop the direction of decarbonisation (biomethane, hydrogen), and reduce the consumption of gases. Second, Ukraine has the potential to help obtain this goal in each segment of the plan. We have gas deposits, we are a promising producer of biomethane, and we have powerful gas storage facilities. My call is to do business with Ukraine to strengthen EU energy security. It will help both Ukraine and Europe to win the war on the energy front.
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