The country’s gas trading platform has consolidated its place in the Greek energy market since its launch in March, 2022, latest data on the number of participants and trading volumes has shown.

A total of 26 national gas network users are now conducting transactions through the platform, up from 11 when the platform was launched one-and-a-half years ago, while a further three companies are set to complete their respective registration processes and ten more are preparing to begin, energypress sources have informed.

Also, Greek energy exchange officials are currently engaged in talks with a further eight companies that have expressed an interest to participate in the natural gas spot market. This sharp rise has greatly impacted the spot market’s liquidity.

Interest from abroad is also on the rise. At the time of the gas trading platform’s launch, just two companies were based beyond Greece, compared to nine foreign-based companies at present, their headquarters located in Bulgaria, Romania, Luxembourg, and the Czech Republic.

The increased participation has intensified competition, another indicator of the gas trading platform’s robust state.