BALKAN GAS HUB STARTS MULTILATERAL E-TRADE IN THE NATURAL GAS MARKET IN BULGARIA AND THE REGION
We would like to inform you that as of 2 January 2020, on the trading platform of BALKAN GAS HUB EAD starts multilateral trading on the organized exchange market, including a short-term segment (spot), a long-term segment and a brokering service.
The short-term (spot) segment of the platform will offer short-term standardized “within-day, “day-ahead” products, as well as products for the purposes of balancing the network of transmission system operators. For the convenience of the members of the platform, a combination of several consecutive gas days will also be offered, such as products “weekend”, “individual days” and a combination of them. Trade will be conducted on an anonymous basis in accordance with the provisions of Regulation (EU) No 312/2014.
The long-term segment of the trading platform will offer products traded on medium-term and long-term basis, anonymously, as follows:
- · Monthly (up to 60 months ahead);
- · Quarterly (up to 20 quarters ahead);
- · Annual (up to 5 calendar years ahead).
The brokering service enables conclusion of gas purchase contracts by end customers/end suppliers directly connected to the Bulgarian gas transmission system, without incurring costs for membership of the trading platform and without the need to obtain access to network access and transmission services through the network. The brokering service will also provide the environment for administration of contracts concluded before 2 January 2020 concerning purchase and sale of natural gas for a period after 1 January 2020, less than or equal to one-year long, in compliance with the requirements of Art. 176, para. 3 of the Energy Act.
In relation to the above, BALKAN GAS HUB EAD begins registration of participants in these segments according to the procedure specified in section “Membership” . In order to register, you need to complete the registration form and sign two copies of the Membership Agreement, which you can download from section “Membership”email@example.com with copy to firstname.lastname@example.org. The originals of the completed and duly signed registration form and the accompanying documents shall be sent to the Registry Office of BALKAN GAS HUB EAD in a sealed envelope at: Residential area “Lyulin 2”, 66 Pancho Vladigerov Blvd., 1336 Sofia to the attention of Mrs. Simona Barakova. The registration form and its accompanying documents must be sent to the following email address:
In addition, we would like to bring to your attention a draft of the Trading Platform Rules, in relation to which we will be expecting opinions until 12 pm on 31 December 2019. These are published in section “Products and Services”, Rulebook.
All applicable fees are published in section “Membership”, Fees. The terms of payment are defined within the Trading Platform Rules.
Trayport's Exchange Trading System (ETS) has been implemented for use of the products and services. A short user guide intended for the services initially offered on the BALKAN GAS HUB market, as well as a full version of the Trayport Joule guide, can be found in section “Products and Services”, Траъпорт User Guides.
Mrs. Simona Barakova
Balkan Gas Hub EAD
Phone: +359 2 939 6549
Mobile: +359 884 070 084
Mr. Ivaylo Moynov
Balkan Gas Hub EAD
Phone: +359 2 939 6192
Mobile: +359 886 315 598