History
The NETS project was proposed by the Hungarian energy company MOL in December 2007. Original invitation to join this project was sent to gas TSOs in Austria, Bosnia-Herzegovina, Bulgaria, Croatia, Romania, Serbia and Slovenia with possible extension to other gas TSOs in Central and South Eastern Europe. The proposal was welcomed by the European Commission.
On 13–14 March 2008, seven of the region's gas TSOs (Transgaz of Romania, FGSZ of Hungary (subsidiary of MOL), BH-Gas of Bosnia and Herzegovina, Geoplin of Slovenia, OMV of Austria, Plinacro of Croatia and Srbijagas of Serbia)) met in Bucharest, Romania, in order to discuss various strategic and business aspects of the initiative. Bulgartransgaz (Bulgaria) decided not to participate at the meeting. The participating companies agreed to start a feasibility study of creating NETS and established four joint working groups to explore the realization of the project.
Second meeting was held in Novi Sad, Serbia, on 21–22 May 2008. Compared with the first meeting, Geoplin and OMV were not represented at the meeting. OMV officially declared that it is not interested in participating in the NETS project for the time being but welcomes to be informed about the progress.
On 26 September 2008, the third meeting of the Transmission System Operators took place in Budapest. During the meeting FGSZ, Transgaz and Plinacro signed a Memorandum of Understanding (MoU) to create a study company of the NETS.
BH-Gas co-signed the document as an observer. The Bulgarian, Slovenian and Serbian TSOs also attended the meeting and stated they would consider working together with the other participants in subject to relevant governmental decisions. Support and co-operation for the NETS project has been offered by the Energy Regulators Regional Association on 21 October 2008. Assistance will be provided through the establishment of a working group by ERRA aimed to addressing the regulatory issues of potential regional gas markets, primarily focusing on the NETS project.
Signatories of the MoU (FGSZ, Plinacro, Transgaz and BH-Gas) met on 21 November 2008 to commence preparations to establish the NETS study company. Representative from the Energy Regulators Regional Association (ERRA) also attended.
Read more about this topic: New European Transmission System
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