Gas market reforms ‘redefining the sector’, local authority notes

Natural gas market reforms made this year on a number of levels are redefining the sector’s nature and prospects, Nektaria Karakatsani, a member of RAE, the Regulatory Authority for Energy, pointed out during a speech at a recent industry event staged by the Greek Energy Forum, the University of Piraeus and the European Commission titled “Energy Union Future Leaders”.

The local energy authority noted that the significant progress achieved by Greece in implementing new gas network codes was thoroughly analyzed by national and EU authorities at a recent event staged by the European Commission. A road map of Greek gas-sector moves to follow was also examined at this event, Karakatsani told the Greek Energy Forum gathering.

The European gas network codes constitute a structured set of rules and tools whose aim is to boost levels of competitiveness, flexibility and lead to convergence of European markets, the RAE authority pointed out.

This framework envisions more effective natural gas flow through coordinated and transparent procedures and reliable economic models, as well as stronger links between individual markets, thereby enabling optimal utilization of transboundary interconnections, Karakatsani noted.