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Leading Gas Transmission Companies’ Meeting in Serbia Marks

Further Progress on NETS

Novi Sad, May 22nd 2008

Following the plenary meeting held in Bucharest in March 2008, where seven leading gas transmission companies came together to kick-off the process, the New European Transmission System (NETS) - a Central and Southeast European gas network initiative to connect the gas transmission systems of the region creating a regional market -, has marked another major milestone on its progress this week, holding a working round table in Novi Sad, Serbia.

High level executives and senior experts of the region’s gas transmission companies met over the last two days, in order to exchange views on previously defined project workstreams and assign representatives responsible for taking the NETS initiative to the operational level. Representatives have worked on Business Strategy and Vision, Energy Policy and Public Affairs, Regulatory and Financial and Structural workstreams. During the working sessions, participants have identified the key points within the workstreams, which need to be addressed further during the upcoming scheduled workstream meetings among the parties. It was also agreed to set up a Steering Committee to supervise the activities of the workstreams. This together with the establishment of a Study Company will be the main topics of the upcoming meeting in June, in Budapest, Hungary.

The round table event was hosted by Srbijagas of Serbia. Also participating were BH-Gas (Bosnia Herzegovina), FGSZ Natural Gas Transmission Ltd., Mol Group (Hungary), Plinacro (Croatia) and Transgaz (Romania).

Successfull Kick-Off Meeting

Dinamic progress in the new gas transmission system project

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