Bulgaria and Greece are teaming up to explore the potential of the hydrogen market. The Greek system operator DESFA and the Bulgarian state company Bulgartransgaz EAD will assess the possibility of creating national hydrogen markets and gauge interest in such initiatives.
This partnership highlights the necessity of achieving energy transition goals. This collaboration focuses on developing a stable hydrogen market that benefits market participants and contributes to broader goals, such as energy security, economic growth, and sustainability.
To achieve this, Bulgarian and Greek gas transmission operators are launching a joint study to evaluate the hydrogen market in both countries. They invite all interested parties, including future producers, consumers, traders, and suppliers of hydrogen, to express their non-binding interest in using hydrogen about their hydrogen projects, regardless of their maturity. Participants must submit their non-binding forecasts to both operators by November 30, 2024.
Assessment of Market Interest The main goal is to gauge the interest of market participants in potentially using hydrogen in the future energy mix. The results will help determine the expected needs for hydrogen transmission capacity, possible production locations in both countries and delivery points to end-users. The data collected from this non-binding study will support the timely planning and construction of the necessary infrastructure for hydrogen transmission through Greece and Bulgaria.DESFA and Bulgartransgaz will also hold a joint online seminar on September 25 to present the study’s technical details and participation process.
