The Greek energy exchange has started working on the creation of a modern gas trading platform, energpress sources have informed.
A related study taking into account the needs and interests of companies has been completed as part of the preliminary work. A finalized decision on the effort’s schedule is soon expected.
At present, Greece does not possess an organized wholesale market for natural gas. Commercial transactions are mainly based on two-way agreements between producers and suppliers.
The Greek energy exchange, combining its efforts with gas grid operator DESFA, intends to create a spot market offering conditions that will determine natural gas prices through supply and demand amid a transparent environment to be trusted by all parties involved.
Energy exchange officials believe Greece’s geopolitical role will be pivotal in establishing the country as a central natural gas supply route to markets in southeast Europe.