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Regional stakeholders join SEEGAS for an integrated gas market

New key regional stakeholders have joined SEEGAS, the initiative for trans-regional cooperation on the development of an integrated South-Eastern and Eastern European gas market, on the occasion of the first Steering Committee meeting on 16 and 17 September in Vienna.

The new members include the gas transmission system operators, Transgaz of Romania and Desfa of Greece, the Balkan Gas Hub of Bulgaria and the Hellenic Energy Exchange.

seegas
Source: Energy Community

The project was launched earlier in July, after the signing of a Memorandum of Understanding (MoU) between the Energy Community Secretariat, energy exchanges and trading service providers BRM, UEEX, TGE, CEEGEX and ECG and Transmission System Operators (TSOs) Moldovatransgaz, GTSOU, FGSZ and GAZ-SYSTEM.

The signatories aim to cooperate on the development of cross-border natural gas trading, for example on exchange platforms and introduce transparent and competitive interregional market-based pricing mechanisms and efficient cross-border gas transmission and interoperability.

The SEEGAS project could trigger faster interconnection and interoperability and decrease the time to market. Early common standards would lower the cost for integration in the future which is in any way inevitable.

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