ESTABLISHMENT OF A LIQUID HUB FOR NATURAL GAS TRADING IN THE REGION OF SOUTHEASTERN EUROPE

Plamena Nenkova ()
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Plamena Nenkova: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2020, vol. 19, issue 1, 147-169

Abstract: The topic on the establishment and functioning of a liquid natural gas trading hub in the region of Southeastern Europe provokes serious attention in the past few years, especially in the period after the cancelation of the South Stream project and the emergence of other large-scale, high-capacity supply streams concepts such as Turkish Stream, Balkan Gas Hub, Eastring, Vertical Gas corridor, etc. Beyond any doubt there is a pressing need a hub trading platform to be launched and operated in this part of Europe, covering and unifying the neighbouring regional gas markets. However, in order the latter to be achieved there are certain preconditions to be met, ensuring the physical, software and internal market backbone of the future hub. The current report presents the various types of gas hubs in Europe, analyses the EU legislative and regulatory framework in respect to gas market functioning, reveals the preconditions for establishing a liquid natural gas trading hub and evaluates the prospects of establishing a regional hub for Southeastern Europe on the territory of Bulgaria.

Keywords: natural gas; trading hub; regulation; market liberalization; Southeastern Europe (search for similar items in EconPapers)
Date: 2020
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