The region of Southeastern Europe is characterised by exceptionally high economic growth and a marked increase in demand for natural gas and electricity. At the same time, liquidity is steadily rising in the markets where deregulation is only just taking place, resulting in increase in trading volumes and a diversification of the products traded.
EGL was quick to identify the potential of the region and has been trading electricity and natural gas in Southeastern Europe for some time now. EGL has been involved in the natural gas business in Romania since 2004 and has established itself as an important trading partner. At the same time, the company has built up short-, medium- and long-term supply portfolios in Romania, Bulgaria, Serbia, Kosovo, Albania and Greece, and is very active in cross-border trading in these countries. EGL also has its own subsidiary in Turkey and is well-positioned to take advantage of emerging opportunities in the country's dynamic energy market. Turkey is part of the supply corridor that will be linked up by the Trans Adriatic Pipeline.