UEEX strongly present at the SEEGAS initiative. 2nd SEEGAS Joint-Steering Committee (online)

A number of meetings in the frame of the South-East European Gas (SEEGAS) initiative were held on December 16-17, the Ukrainian Energy Exchange (UEEX) was represented by Business Developer Lisse Geert van Vliet and head of Derivatives, Elizaveta Revilo.

On December 16, the second meeting of the SEEGAS Joint Steering Committee (JSC) was held. After the September kick-off meeting in Vienna, Austria, this is the second time the JSC came together after the signing of the Stakeholder Memorandum regarding inter-regional cooperation for the development of an integrated SEEGAS market.

Among the participants were also representatives of Gaz System, TGE, CEEGEX, FGSZ, CEGH, GTSOU, UEEX, Moldovatransgaz, Transgaz, BRM, BGH, HENEX, DESFA. For the first time, representatives from the newly established Georgian Gas Exchange took part in the meeting, who presented recent developments on the Georgian gas market.

The meeting participants finalized the organizational structure, format and tasks to be performed by the SEEGAS Joint-Steering Committee (JSC). The participants also touched upon future participation of other TSOs and Exchanges active in the South-East European region and had a scoping discussion on a potential business case for the Trans-Balkan pipeline.

Lisse Geert van Vliet expressed UEEX’s interest in further cooperation between the signatories of the memorandum and welcomed the new projects developed under the framework of the SEEGAS initiative.

Also, on December 17, the 4th SEEGAS Stakeholder Meeting took place, celebrating the one-year existence and achievements of initiative. The event was joined by over 70 leading stakeholders in the SEE region, with natural gas trading on UEEX in the Customs Warehouse Regime presented by Mr. van Vliet.

Recently, the Ukrainian natural gas Storage System Operator (Ukrtransgaz) together with UEEX launched a new product that allows trading natural gas stored by Ukrtransgaz under the tax-free customs warehouse regime via e-platform of UEEX. More information can be found on the accreditation page for access to natural gas Exchange trades (customs warehouse). Besides the Regulations and a link to the Accreditation platform, a presentation that explains gas trade in UGS in the customs regime "customs warehouse" can be found. Additionally, the instructions for creating an application for participation in trading sessions of the exchange in the information platform of the gas storage operator of Ukraine (implementation of the Voluntary Refusal mechanism) are located the page.