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Economy

Greece’s Natural Gas System Conducts First Natural Gas Auction with TAP

November 3, 2020

ATHENS — DESFA, Greece’s National Natural Gas System, on Tuesday announced the first auction for natural gas for 2021 at the new interconnection point of the National Natural Gas System with that TAP pipeline.

DESFA said it was an historic moment both for the Greek and the regional energy market, as the National Natural Gas System will be interconnected with one of the biggest natural gas markets in Europe, that of Italy, which it is also interconnected with Northern Europe through Switzerland and Germany, upgrading the country’s role as a regional energy hub. Soon, both Greece and the wider Southeast European region will be interconnected with the TANAP pipeline and the Italian natural gas market which reaches 75.4 bcm of natural gas consumption (2019 figures).

The auctions are conducted in the PRISMA capacity booking platform.

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