This paper was written as part of the MSc in in Energy Law, Business, Regulation
& Policy at the International Hellenic University and focus on the natural gas virtualpipeline as alternative to distribution of energy in the form of CNG and/or LNG.
Analyzing the adoption and harmonization of national law in energy sector in the
European legislation in the Gas sector with the provisions of the "Third Package of
Energy Markets Liberalization" and specifically with the provisions of 2009/73/EC Gas
Directive and 715/2009 EU Regulation. VGP activity is subject to TPA while is taken for
granted that also is integrated to the basic activity of DSO as defined in the Distribution
System Operating Code and in the Regulatory Framework for the CNG/LNG Virtual
Pipeline (adopted by RAE 633/2021 after modification of 643/2018). Is remarkable to
point out the presuppositions based on which the above activity-especially in CNG- is
to be regulated or not and the effects in the gas market if it is considered as a
competitive activity leaving room to the suppliers take advantage to the construction
of this activity, the benefits of and the drawbacks coming to light. Moreover, new
projects on LNG facilities by TSO come to the fore and is constantly increasing because
of the growing demand for LNG quantities, as LNG tends to become more imperative
in the coming years and to achieve the objective of EU to manage the transition to a
widely decarbonized energy sector.
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