Energy exchanges and gas transmission system operators in 6 central and eastern European countries have signed a landmark memorandum of understanding, paving the way to regional gas market integration and unhindered cross-border trading in line with EU best practices.
The MoU signed on 21 July is the outcome of the SEEGAS initiative, a project spearheaded by the Energy Community Secretariat, which aims to bring together exchanges and transmission system operators in central and eastern Europe.
Signatories include the Energy Community Secretariat, energy exchanges or trading service providers BRM (Romania), UEEX (Ukraine), TGE (Poland), CEEGEX (Hungary), ECG (Austria) as well as gas transmission system operators Moldovatransgaz, GTSO (Ukraine), FGSZ (Hungary) and GAZ-System (Poland).
“Since its establishment, the Energy Community has supported the integration of its Contracting Parties with the EU energy markets, which for Ukraine and Moldova is now gradually becoming a reality,” said Janez Kopac, director of the Energy Community Secretariat.