Energy Community implements new project in Georgia's gas sector (Exclusive)
Date
4/21/2022 6:30:16 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 22. The Energy
Community Secretariat (EnCS) is willing to assist Georgia's gas
sector development through new cooperation platform, Svitlana
Karpyshyna, Head of the Eastern Partnership Assistance Unit at the
EnCS, told Trend .
As Karpyshyna explained, South-East European gas (SEEGAS)
Initiative is a relatively new cooperation platform between
national gas exchanges and transmission system operators in the
region aimed at enabling further market opening, better services
for traders and ultimately benefit end-consumers through increased
competition in gas trading.
'The newly established LLC Georgian Gas Exchange (GGEX) and LLC
Georgian Gas Transportation Company (GGTC) joined the SEEGAS
process in November 2021 and started participating in the Joint
Steering Committee meetings,' Karpyshyna said.
Earlier in July 2021 the Memorandum of Understanding on the
establishment of a commodity exchange to support the liberalization
and digitalization of the energy market was signed between the
EnCS, Georgia's Ministry of Economy, the EBRD, GGTC, and Georgian
Oil and Gas Corporation (GOGC).
'Under this format EnCS, GGEX, GGTC and GOGC will meet regularly
to discuss further steps towards the development of the gas
exchange,' Karpyshyna noted.
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Tags:
- Georgia
- Energy Community
- oil & gas sector
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