OMV unit launches green gas trading platform in Austria
The CEGH GreenGas Platform will be a marketplace for biogas supply and demand as well as for green hydrogen.
Central European Gas Hub AG (CEGH), a fully consolidated company of OMV Group, launches the CEGH GreenGas Platform for the marketing of Green Gases, such as biogas and hydrogen, in Austria.
Green Gases such as biogas and green hydrogen will make a significant contribution to the decarbonization of the energy system, according to the company. 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.
"With the new Strategy 2030, OMV demonstrates a strong commitment to the transformation and decarbonization of the energy system and has presented a clear plan for this. The CEGH GreenGas Platform is the right step towards a pioneering future for the gas industry. In addition to the diversification of natural gas sources, green gases are absolutely important for security of supply in Austria,” said Johann Pleininger, Deputy CEO and Member of the Executive Board of OMV AG.
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.
