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EU and operators agree on tariffs to make the gas corridor more competitive

The European Commission and the natural gas grid operators of Bulgaria, Greece, Romania, Moldova and Ukraine agreed on Friday to tariffs for the corridor that carries gas from Greece to Ukraine, in an effort to increase competition and diversify supply.

The Greek gas grid operator DESFA announced in a press release that operators and EU executive have agreed on 'tariffs which will be implemented from October and are in line with EU rules.

Greece, Bulgaria Romania and Hungary have agreed to develop the necessary infrastructure in order to realise the so-called Vertical gas Corridor, which would allow bidirectional gas transmission between the countries.

Ukraine and Moldova will join in 2024.

The report said that "the agreed trade approach introduces a new tariff which makes the Vertical Corridor an extremely competitive and strategic energy corridor for Southeastern Europe and Central Europe in a time of particular importance for?the continent’s energy security".

DESFA announced that the five natural gas operators would offer for the first time daily, monthly and quarterly capacity?products beginning with?the 2026-2027 Gas Year (October 2026).

The statement stated that "for the transitional period, until the full implementation of the new product, the operators shall submit a request for the national regulatory authorities to prolong?the availability?of existing products?until the end of October 2026 to?support Ukraine's supply security during the period of transition." (Reporting and editing by Angeliki Koutantou, Ivana Skularac)

(source: Reuters)