Media Centre

 

GSE - Gas Storage Europe - PRESS RELEASE
 
Press Release
  5 November 2012
12GSE117

GSE publishes transparency compliance audit

 

Today Gas Storage Europe (GSE) has published a Transparency Compliance Audit for Storage System Operators. The document can be found at: http://www.gie.eu/publications/gse. The preliminary results of the audit and the next steps planned by GSE were presented during XXII Madrid Forum on 2 October 2012.

 

Storage System Operators (SSOs) are legally bound to implement the transparency requirements concerning storage facilities and LNG facilities under Art. 19 of regulation EC 715/2009. Earlier this year GSE requested FTI Compass Lexecon to carry out an independent external audit of the compliance with these obligations by all European SSOs (not only GSE members). While assessing the degree of transparency by the SSOs, the auditor took the perspective of a market participant seeking access to storage capacity. The audit covers 113 storage facilities within the EU operated by 48 SSOs representing a working gas volume of 78 BCM. Strict Chinese walls between GSE and FTI Compass Lexecon were respected during the audit.

 

The monitoring shows that most of the audited European Storage System Operators are either in perfect compliance with the transparency requirements under Article 19 of regulation 715/2009 or feature minor departures. Major improvement has been observed with 5 SSOs in 5 countries operating 14 facilities with a total storage capacity of 5.8 BCM. Finally, the audit concludes that even in cases of perfect compliance increased user friendliness of information publication could provide added value to the market.

 

Jean-Marc Leroy, GSE President, stated: “GSE members are committed to transparency and will continue their efforts to respond to the growing market expectations. Over the past several years, thanks to our numerous initiatives GSE has facilitated storage transparency at both European and individual level. The publication of the report by Compass Lexecon is a sign of our confidence in the need of transparency.

 

Note to Editors

Gas Storage Europe (GSE) represents the interests of 30 Storage System Operators with around 110 storage sites in 16 countries in Europe, representing approximately 79 BCM, i.e. 88% of EU technical storage capacity.  GSE is one column of GIE, Gas Infrastructure Europe, the European association of the Transmission, Storage and LNG terminal Operators. GSE is committed to improving the regulatory and investment framework for storage activities in order to help its members to continue providing secure, efficient and valuable storage services to the market.

 

The Aggregated Gas Stock Inventory delivers online daily data representing approximately 76 BCM, i.e. 85 % of EU technical storage capacity. It shows for 8 defined hub areas the volume in stock as well as the daily injection and withdrawal.

 

Press Contact

 

Should you require any further information please contact:

 

.
 

Downloads

         
  > - Press Release: GSE publishes transparency compliance audit
(12GSE117, PDF, 372KB)
-
         
  > - GSE Transparency Compliance Audit for Storage System Operators
(PDF, 168KB)
-
         
         
-
 
  > - For inquiries, please contact the GIE Secretariat :
       
      GIE
      GIE - Gas Infrastructure Europe
Avenue de Cortenbergh 100
B-1000 Brussels
Belgium
       
      T +32 2 209 05 00
F +32 2 209 05 01

gie@gie.eu
www.gie.eu
       
-
 
18
Jun
2020
   
  The 'European Biomethane Map 2020' shows a 51% increase of biomethane plants in Europe in two years The analysis of the d...
 
15
Jun
2020
   
    GIE publishes new edition of the Small Scale LNG map Brussels, 15 June 2020 The new GIE Small scale LNG map published ...
 
29
Apr
2020
   
      29 April 2020 European gas industry publishes first guidelines for methane emissions reduction target setting ...
 
20
Apr
2020
   
      20 April 2020 European Gas Storage Operators keep you going Brussels, 20 April 2020 As the world grapples w...
 
15
Apr
2020
   
    15 April 2020 LNG terminals managing record operations during crisis Brussels, 15 April 2020 Widespread crises...
 
06
Apr
2020
   
    6 April 2020 Gas pipeline operators across Europe work together to keep you safe Brussels, 6 April 2020 Across...
 
30
Mar
2020
   
      30 March 2020 Gas infrastructure keeps the gas flowing during unprecedented situation Brussels, 30 March 2020...
 
23
Mar
2020
   
    23 March 2020 ENTSOG and GIE Members maintain gas infrastructure operations during coronavirus (COVID-19) pandemi...
 
16
Mar
2020
   
      16 March 2020 GIE: 'Hydrogen is one of the solutions at the forefront of the EU's Industrial Strategy' Brusse...
 
10
Mar
2020
   
      10 March 2020 Delivering the EU Climate Law with EU gas infrastructure Brussels, 10 March 2020 GIE supports ...
 
Deluxe News Pro - Copyright 2009,2010 Monev Software LLC