The Energy Community Secretariat (EnCS) is willing to assist Georgia’s gas sector development through new cooperation platform, Svitlana Karpyshyna, Head of the Eastern Partnership Assistance Unit at the EnCS, told Trend.
As Karpyshyna explained, South-East European Gas (SEEGAS) Initiative is a relatively new cooperation platform between national gas exchanges and transmission system operators in the region aimed at enabling further market opening, better services for traders and ultimately benefit end-consumers through increased competition in gas trading.
"The newly established LLC Georgian Gas Exchange (GGEX) and LLC Georgian Gas Transportation Company (GGTC) joined the SEEGAS process in November 2021 and started participating in the Joint Steering Committee meetings," Karpyshyna said.
Earlier in July 2021 the Memorandum of Understanding on the establishment of a commodity exchange to support the liberalization and digitalization of the energy market was signed between the EnCS, Georgia’s Ministry of Economy, the EBRD, GGTC, and Georgian Oil and Gas Corporation (GOGC).
"Under this format EnCS, GGEX, GGTC and GOGC will meet regularly to discuss further steps towards the development of the gas exchange," Karpyshyna noted.