|Brussels, 26th October 2021
GIE is the 1st fully accredited pan-European Transparency Platform for Inside Information Disclosure (IIP) by ACER. As highlighted in ACER’s Quarterly Report, GIE is one of the only IIPs offering a complete European gas market coverage. GIE is now officially listed as such on the ACER REMIT Portal.
Torben Brabo, GIE President stated: “The current evolution of gas prices proves it remains crucial to have reliable tools providing a good view on European gas market’s supply. GIE’s transparency platforms – AGSI+ and ALSI – do that. In fact, they have proven their worth as such at the occasion of previous gas crises. They are pivotal source of information and enable to monitor the market’s evolution. The data we provide is for instance used by the EC GCG (European Commission Gas Coordination Group) to monitor the security of supply.”
What is a transparency platform?
How to become an accredited IIP?
A crucial week for ACER
Boyana Achovski, GIE Secretary General stated “This 10 years anniversary is a great occasion to re-affirm our commitment to support ACER towards a well-functioning internal European market for energy. Collaboration is essential in this transition to a net zero future. As primary representative of the European gas infrastructure operators, we have around 70 members coming from 26 European countries working and innovating with transmission, underground storage and LNG terminals. And this provides us with a good overview of what’s happening on the ground. GIE is also very active in transparency activities and publishes different maps and database every year.”
Towards a more integrated energy markets
GIE’s role under REMIT and its commitment to Transparency
Commitment to Transparency
GIE as reporting mechanism under REMIT
GIE provides a full range of Transparency Platforms: The IIP (Inside Information Platform), AGSI+ (Aggregated Gas Storage Inventory – established in 2007), ALSI (Aggregated LNG Storage Inventory – established in 2013) platforms are publicly accessible websites that provide daily European storage and LNG data in a daily resolution, free of charge. Filtereable data can also be downloaded or extracted via API and/or RSS feeds.
AGSI+ and ALSI have increased their data coverage throughout the years and have become standard sources of reference for market parties. GIE is continuously working on improving and extending its transparency platforms following the positive feedback from stakeholders and further initiatives in this regard are to be expected.
The GIE Transparency Platforms are open to both GIE Members and non-Member companies and are even covering non-EU countries which are not subject to REMIT reporting.
An extended & widened reporting base
Gas Infrastructure Europe (GIE) is the association representing the interests of European gas infrastructure operators active in gas transmission, gas storage and Liquefied Natural Gas (LNG) regasification. GIE is a trusted partner of European institutions, regulatory bodies and industry stakeholders. It is based in Brussels, the heart of European policymaking. GIE currently represents 70 member companies from 26 countries. GIE’s vision is that by 2050, the gas infrastructure will be the backbone of the new innovative energy system, allowing European citizens to benefit from a secure, efficient and sustainable energy supply.