ECONOMY

Natural gas auction ahead of interconnection

natural-gas-auction-ahead-of-interconnection

Greece’s natural gas grid operator DESFA on Tuesday announced the first auction for natural gas for 2021 at the new interconnection point of the National Natural Gas System with the Trans Adriatic Pipeline (TAP).

DESFA said it was a “historic moment” both for the Greek and the regional energy market, as the National Natural Gas System will be interconnected with Italy, one of the biggest natural gas markets in Europe, which is also interconnected with Northern Europe through Switzerland and Germany.

Greece and the wider region of Southeastern European will eventually be interconnected with the Trans-Anatolian Natural Gas Pipeline (TANAP) and the Italian natural gas market, which reaches 75.4 bcm of natural gas consumption (based on 2019 figures).

The auctions will be conducted on the PRISMA capacity booking platform.