GIE Ready to Report Outages under EU Transparency Rules

Gas Infrastructure Europe (GIE) has begun operations as a registered reporting mechanism (RRM) for the reporting of ‘fundamental data’ relating to storage and LNG infrastructure, it said April 8.

The European Union's regulation on energy market integrity and transparency (Remit) requires that information relating to the capacity and use of facilities for storage of natural gas and use of LNG facilities, including planned or unplanned unavailability, is reported to the Agency for the Co-operation of Energy Regulators. GIE will perform this role on behalf of its members in the storage and LNG import sectors.

The purpose of Remit is to reduce the chance of gaming the market, for example buying up gas at hubs knowing that the price is very shortly to rise when information regarding unplanned maintenance of a plant becomes more widely known. Similar rules apply to operators of other infrastructure, including transport and production facilities.

GIE will continue improving its AGSI+ and ALSI platform for providing useful public data on the aggregated use of storage and LNG facilities to the market and stakeholders. The existing platform will be upgraded soon to ensure consistency with ‘fundamental data’ that must be reported under Remit.

William Powell