BAKU, Azerbaijan, Feb.7
By Leman Zeynalova – Trend:
Toplofikacia Sofia EAD (the Municipal district heating company) has obtained all the necessary permits from Sofia Municipal Council to register and be an active participant on the trading platform of Balkan Gas Hub EAD, Trend reports citing Bulgartransgaz.
“In this regard, all required documents were submitted, both for access to Bulgartransgaz EAD gas transmission network, acting as a transmission system operator, and for registration on the trading platform. As of February 7, 2020 Toplofikacia Sofia EAD was officially registered as a participant on the gas exchange,” reads the message.
The participation of the largest natural gas consumer in Bulgaria on the Bulgarian gas exchange will, on the one hand, contribute to increase market liquidity and, on the other, enable Toplofikacia Sofia to purchase gas at competitive market prices, which will help improve the financial position of the company, Bulgartransgaz.
“We are convinced that the active participation on the gas exchange of the largest heating company on the Balkan Peninsula will help both, to improve the service it offers, and establish a liquid and transparent gas market in Bulgaria,” said the company.
Balkan Gas Hub ЕAD was established by “Bulgartransgaz” EAD in January 2019 for the realization of the concept for establishment of a gas distribution hub on the territory of Bulgaria.
Balkan Gas Hub ЕAD operates trading platforms servicing the needs of the natural gas markets within the Balkan gas hub. In synergy with the physical infrastructure of the gas distribution hub, it provides the prerequisites required for establishment of the first, Bulgaria based, liquid physical and trading gas hub in the South Eastern Europe region.
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