Gas TSOs call for Greece-Ukraine Route 2 approval

Spanish Market: Natural gas
20/08/25

Gas transmission system operators (TSOs) along the transport routes from Greece to Ukraine have called on regulators to approve another special capacity product named Route 2.

The TSOs in Greece, Bulgaria, Romania, Moldova and Ukraine and the operator of the Greece–Bulgaria Interconnector (IGB) have asked national regulators to approve "as soon as possible" the discounted integrated product Route 2, designed to enable deliveries from the 4.3mn t/yr Alexandroupolis LNG terminal to Ukraine through the IGB.

The TSOs envisage that monthly capacity will be available for September and October, with auctions taking place every fourth Tuesday of the month preceding the month of supply. If the product is approved, the first auction will be held as early as 26 August, according to Moldova's TSO Vestmoldtransgaz.

Route 2 includes the Amfitriti point connecting the Alexandroupolis LNG terminal with the Greek gas grid, the Greek end of the IGB pipeline at Komotini and the Stara Zagora interconnection point connecting the IGB with Bulgaria. It also includes Negru Voda-Kardam on the Romania-Bulgaria border, Isaccea-Orlovka linking Romania and Ukraine, Kaushany at which gas flows from Ukraine into Moldova and Grebenyky, where gas flows from Moldova into Ukraine.

Auctions will be conducted in two stages. The first will be held on the Regional Booking Platform (RBP) for the Stara Zagora, Negru Voda-Kardam, Isaccea-Orlovka, Kaushany and Grebenyky interconnection points. The second will take place on the Prisma auction platform — after the completion of the first stage on RBP — for the Amfitriti and Komotini points.

Offered capacity would be equal to the lowest available firm capacity at any point along the route, based on the capacity left unsold at Route 1 auctions. The latter take place on the fourth Monday of the month before the delivery month.

The reserve price should be equal to the sum of the reserve prices applicable for monthly capacity at interconnection points for the corresponding month, with 25pc discounts applied by Greek, Bulgarian, Romanian and Moldovan operators, and a 46pc discount for capacity offered by Ukraine's GTSOU and the IGB operator.

Firms will have no access to national virtual trading points along Route 2, except the Ukrainian one.

By Anastasia Gasan

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19/12/25

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W Australia's gas surplus outlook strengthens: Aemo

19/12/25

W Australia's gas surplus outlook strengthens: Aemo

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18/12/25

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18/12/25

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18/12/25

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