Minister Malinov: The agreement on the provision of clearing services between "Gas Hub Balkan" and KELER CCP will contribute to the development of the gas market in our country

Energy / Bulgaria
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"The choice of a clearing house with experience in providing services for the natural gas markets in the EU is of key importance for the development of "Gas Hub Balkan" EAD as an organized exchange market in the region of Central and South-Eastern Europe.

The cooperation with the leading Hungarian clearing house KELER CCP will also have a great added value in the implementation of the regional physical and market infrastructure projects. Including the implementation of the strategic initiative for the Vertical Gas Corridor, which will guarantee energy security in the region of South-Eastern Europe". This was said by Energy Minister Vladimir Malinov during the signing of an agreement on the provision of clearing services between "Gas Hub Balkan" and the Hungarian clearing house KELER CCP. The event was attended by the ambassador of Hungary to our country H.E. Miklos Borosh, the executive director of "Bulgartransgaz" EAD Kiril Ravnachki and the executive director of "Gas Hub Balkan" Petya Ivanova.

According to Minister Malinov, the joint project on the implementation of clearing and settlement services for the Bulgarian market will contribute to improving the functioning of the regional gas market and minimizing risks for market participants. "The signing is a result of the successful participation of KELER CCP in the public and transparent procedure for the selection of a provider of clearing services for the GHC market announced by Gas Hub Balkan EAD," he emphasized. Given the proven experience of KELER CCP and the direct connectivity of the gas markets of Hungary and Bulgaria, members of the GHB market will have the opportunity under reduced conditions to participate in the markets of Bulgaria, Hungary and other countries of the region.

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