The South-East European Gas (SEEGAS) Initiative, launched by the Energy Community Secretariat in December 2020, is a response to stakeholders’ increasing interest to establish organized gas exchanges and improve cross-border trading.
Recognising the need for dialogue and cooperation well before the first signs of the current energy crisis, the Energy Community Secretariat launched the SEEGAS project, an initiative aiming to foster closer cooperation between gas exchanges and transmission system operators central, southern and Eastern Europe. The goals are to enable market opening, better services for traders and ultimately to benefit end-consumers through increased competition in gas trading.
This page presents milestones, studies and discussions conducted in the context of the SEEGAS initiative.
Memorandum of Understanding
July 2021: Memorandum of Understanding
On 21 July 2021, a Memorandum of Understanding about trans-regional cooperation on the development of an integrated South-Eastern and Eastern European gas market was signed by the Energy Community Secretariat, energy exchanges and trading service providers BRM, UEEX, TGE, CEEGEX and ECG and transmission system operators Moldovatransgaz, GTSOU, FGSZ and GAZ-SYSTEM. The signatories aim to cooperate on the development of cross-border natural gas trading, e.g. on exchange platforms, and introduce transparent and competitive interregional market-based pricing mechanisms and efficient cross-border gas transmission and interoperability.
Document Name Published on19.07.2021
SEEGAS Stakeholder Meetings
In order to establish a dialogue between the relevant stakeholders in the region with the aim of facilitating the goals mentioned and tackling potential obstacles to gas market integration, the Energy Community Secretariat established the SEEGAS Stakeholder Meetings. The meetings take place in two formats; Joint Steering Committee and SEEGAS Stakeholder Platform.
These recurring meetings served as a platform to introduce the current, most significant stakeholders in the SEE & EE regions and to share best practices towards further development of regional exchange traded markets for gas. The first meeting took place on 15 December 2020, with follow-up meetings in various constellations taking place every three months.
- Public consultation
May 2021: public consultation
From 12 May 2021 to 30 June 2021, the EU Agency for the Cooperation of Energy Regulators (ACER) and the Energy Community Secretariat (ECS) carried out a joint public consultation regarding gas capacity availability and use on a number of interconnection points (IPs). The IPs concerned are located on the borders of the EU Member States and the Energy Community Contracting Parties and between the Energy Community Contracting Parties. By way of this consultation, ACER and the ECS aimed at gaining a firmer understanding of stakeholders’ views on best practices in pursuit of enhancing connectivity, optimal use of existing capacity, market integration, and competition.
Report on regional transmission routes
September 2022: SEEGAS Report on regional transmission routes
In preparation for winter but also with an eye on the months and years ahead when Europe expects to wean itself off Russian gas supplies, the Secretariat carried out research into regional supply corridors and found a number of routes that are taking shape, opening up access to alternative gas imports. The hands-on report offers practical information on the import and transmission capacity that is available regionally, identify and describe the projects that are being developed and recommend solutions to barriers that are causing bottlenecks.
Although the SEEGAS project has the double mission to integrate exchanges and infrastructure, this study focuses strictly on the latter. More concretely, the SEEGAS Infrastructure Report has surveyed 10 national gas transmission system operators in Bulgaria, Croatia, Greece, Hungary, Moldova, North Macedonia, Poland, Romania, Turkey, Ukraine, 10 existing or prospective LNG terminal operators in Croatia, Greece, Poland, Turkey as well as the operators of the recently commissioned Trans-Anatolian Pipeline (TANAP) and Trans-Adriatic Pipeline, which together make up the Southern Gas Corridor. Respondents include operators in EU Member States and Energy Community Contracting Parties which have also expressed interest in joining the SEEGAS project.
The value of the report resides in the fact that most of the data captured here was provided first-hand by operators. Other institutions such as the EU’s Agency for the Cooperation of Energy Regulators (ACER) or the European Network of Transmission System Operators for Gas (ENTSOG) were also consulted on a variety of issues including tariffs, transmission capacity or the signing of interconnection agreements. Importantly, the study also benefited from comprehensive feedback from traders who shared their experience in shipping gas regionally and their recommendations on possible solutions to tackle underlying problems.
The paper is split into four sections (more details in section below) corresponding to four supply corridors grouped around key sources of supply.
Document Name Published on30.09.2022
- Report on gas exchange
December 2021: SEEGAS Report on gas exchange
Parallel to the 2nd Joint Steering Committee meeting, the Secretariat published its SEEGAS report with the title Introduciton to the SEEGAS Initiative and Gas Exchange Development in the Region.The report begins by providing an overview of the SEEGAS Initiative and summarizing its achievements to date. The second chapter outlines gas market and exchange developments in the SEEGAS participating countries, three Energy Community Contracting Parties (Georgia, Moldova and Ukraine), five EU Member States (Austria, Bulgaria, Greece, Hungary, Poland and Romania) and one Observer to the Energy Community (Turkey). All countries which are covered by this report are either in the process of establishing exchange traded gas markets or have such markets already in operation.
The SEEGAS report should not be considered as a regulatory report but rather as a collection of information compiled and developed by the Energy Community Secretariat based on the implementation report and on information submitted by key regional stakeholders and in close consultation with them.
Document Name Published on17.12.2021
- Report on gas exchange