A re­gional nat­u­ral gas hub is pos­si­ble in Greece

Kathimerini English - - Focus -

The cre­ationof a com­mer­cial nat­u­ral gas hub in Greece will be ab­so­lutely pos­si­ble in five years’ time, ac­cord­ing to a study pre­sented yes­ter­day in Athens by the In­sti­tute for En­ergy in South­east Europe (IENE).

The study, ti­tled “The Out­look for a Nat­u­ral Gas Trad­ing Hub in S.E. Europe.” showed there are two main con­di­tions that must be ful­filled: The first is the ex­is­tence of suf­fi­cient nat­u­ral gas quan­ti­ties from the var­i­ous en­try points, and the sec­ond is the cre­ation of a en­ergy se­cu­ri­ties mar­ket for the trad­ing of fu­ture con­tracts and trans­ac­tions of other nat­u­ral gas quan­ti­ties.

The con­di­tions that will be cre­ated in Greece with the pas­sage of the Trans Adri­atic Pipe­line (TAP), the re­al­iza­tion of the in­ter­con­nec­tion with Bul­garia (IGB) and the con­struc­tion of at least one of the two liq­ue­fied nat­u­ral gas (LNG) ter­mi­nal sta­tions in Kavala or Alexan­droupoli will be de­ci­sive to­ward the cre­ation of a gas hub for South­east Europe in Greece, ac­cord­ing to the IENE ex­perts. Its op­er­a­tion would strengthen the com­pet­i­tive­ness of the mar­ket and im­prove the se­cu­rity of sup­ply, while al­low­ing play­ers in the broader East­ern Mediter­ranean mar­ket to ne­go­ti­ate the rates of gas quan­ti­ties in­stead of the bi­lat­eral con­tracts valid to­day.

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