Business · Cyprus
AI summary: catch up in 20 seconds
Summarising the coverage…
Generated by AI from the 7 sources below · always verify with the originals
The full picture
AI-synthesised from 7 sources · no editorial bias
Synthesis generating…
AI summary: catch up in 20 seconds
Generated by AI from the 7 sources below · always verify with the originals
The full picture
AI-synthesised from 7 sources · no editorial bias
The annual gas auction for the Vertical Corridor has been deemed a success, with strong demand demonstrated during the process. Key participants, including Metlen and Enerwave, secured all available capacity from the gas transmission system operator, DESFA, with premiums reaching up to 39%. The auction ensures that the available capacity is fully booked until the years 2034-2035, reflecting heightened interest in the Greek gas routes.
The auctions have attracted a diverse range of participants, indicating the growing significance of the Vertical Corridor in the regional energy market. The participation of major players such as Atlantic See LNG has sent strong signals about the vitality of this trading framework. Notably, more than 45% of the offered transport capacity for the upcoming four years has been successfully booked, with a focus on export capacity to Bulgaria as well.
The collaboration between DESFA and various companies—including the AKTOR-DEPA consortium, which has secured a capacity of 4.7 TWh for the 2026-2027 period—highlights the increasing participation from companies looking to import American LNG into Southeast Europe. This year's auction marks a milestone, showcasing the potential of the Vertical Corridor to facilitate essential gas supplies across Europe.
8 July
Metlen and Enerwave secured all available capacity from DESFA in the Vertical Corridor.
Skip to content
Comments · 0 (subscribers)
Sign in to join the discussion.
No comments yet. Be the first to join the discussion.