GSE Publications

Transparency Compliancy Audit for Storage System Operators

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.

Presentation by Lubor Veleba "GSE comments on the amendment of GGPSSO as proposed by ERGEG" delivered at Madrid Forum XIX, Madrid, 22 March 2011

Presentation by Jean-Marc Leroy "Underground Natural Gas Storage - ensuring a secure and flexible gas supply" delivered at Gas Coordination Group,Brussels, 13 January 2011

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Presentation by Jean-Marc Leroy: "Developing new gas storage facilities in Europe - a joint challenge", delivered at EEF Dinner Debate, Strasbourg, 9 March 2010

Presentation by Jean-Marc Leroy: "The role of natural gas storage in the changing gas market lndscape"; 24 World Gas Conference, Argentina, October 2009

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Presentation by Jean-Marc Leroy: "Encouraging investment in storage and the contribution of storage to flexibility", Global Gas Village, Milan, Italy, April 2009

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Presentation by Jean-Marc Leroy: "How to enhance Security of Supply: The role of Natural Gas Storage in the internal gas market". Delivered at 4th Annual Sustainable Development Summit Kazakhstan, Astana, 10 September 2008

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