CEGH GreenGas Platform for Trading and Marketing of Biogas and Hydrogen
- Central European Gas Hub (CEGH) launches the CEGH GreenGas Platform for marketing of Green Gases, such as biogas and hydrogen, in Austria.
- Gradual expansion to Central - and Eastern Europe envisaged.
- For a start, this platform will enable trading of biogas. As soon as green hydrogen becomes available for trade, this will also be included in the CEGH GreenGas Platform.
Green Gases such as biogas and green hydrogen will make a significant contribution to the decarbonization of the energy system. With Green Gases, the existing gas infrastructure can be used for sustainable energy supply. Around 0.1 TWh of biomethane – processed biogas – are currently being fed into the natural gas network in Austria. By 2030, 5 TWh of Green Gases should be available. For Green Gases to make an effective contribution to decarbonization, a functioning trading place must be established in Austria.
The CEGH GreenGas Platform will be the first platform to support the decarbonization of the gas markets by trading of Green Gases and will be a marketplace for biogas supply and demand as well as for green hydrogen, once green hydrogen becomes available on the market.
The platform enables purchase or sale of biomethane guarantees of origin (GOs) as well as of biomethane with or without GOs. In addition to a bulletin board, also auctions will be available. This means that for the first time suppliers and buyers can interact on a common marketplace, which will greatly simplify trade conclusion and processing.
The CEGH GreenGas Platform will gradually be expanded to include trading in Green Gases in other Central- and Eastern European countries, so that international and cross-border trading can develop.
To achieve the European climate targets, a liquid European exchange for Green Gases is necessary in the long term. CEGH supports its existing cooperation partner EEX, which is the largest European energy exchange, to support the vision of liquid exchange trading of Green Gases and GOs on EEX.
The CEGH GreenGas Platform is set up in two languages, German and English, and is free of charge. It can be accessed under the following link: www.cegh.at/greengas/.