23/10/2026
New report out today! 👇
The Energy Community Secretariat has published its 2026 SEEGAS report, which tracks gas market development and integration in South-East and Eastern Europe between the first half of 2025 and the first half of 2026.
Although progress is uneven, the report points to three positive trends in market development and liquidity:
1. More short-term trading
2. More regular trading
3. Prices that largely move together across markets.Price levels, however, have not fully converged, and trading volumes and participation still vary widely between markets.
The following priorities would deepen market integration in the region:
1. Implement the network codes in full, especially the rules on managing congested pipelines, allocating pipeline capacity and balancing the system through the market.
2. Make cross-border trading easier by improving access to capacity at borders, bundling capacity as foreseen by the EU’s capacity allocation rules (CAM NC) and improving booking arrangements, so that trading activity builds up across the region instead of in separate national pockets.
3. Deepen smaller markets and track progress, with more trading for next-day, same-day and future delivery, more companies taking part, and more consistent data collection on trading, participation, concentration and prices.
Read more: https://bit.ly/3UD2mu2
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About SEEGAS: The South-East European Gas Initiative (SEEGAS) is a cooperation platform launched by the Energy Community Secretariat in 2020 that brings together gas exchanges, transmission system operators and regulators to develop cross-border gas trading and a more integrated regional market.
For EU Member States and Energy Community Contracting Parties alike, a more integrated regional gas market is a shared route to diversifying supply and strengthening security of supply, particularly as the EU moves to phase out Russian gas.
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