Glossary

3rd Energy Package

The European Union's Third Energy Package is a legislative package for an internal gas and electricity market in the European Union. 

AEEG

Autorità per l' Energia Elettrica e il Gas. Italian Regulatory Authority for Electricity Gas and Water is the independent body which regulates, controls and monitors the electricity and gas markets in Italy.

Bar(g)

Bar Gauge is a unit of gauge pressure. 

Bathymetry

The study of underwater depth of the seabed.

BCM

Billion Cubic Meters

BCMy

Billion Cubic Meters per year

BEH

Bulgarian Energy Holding EAD

Botas

 Boru Hatlari ile Petrol Tasima A.S., Turkish state-owned oil and gas transport company.

Capacity Factor

The ratio of the average amount of gas transported on a pipeline to the total capacity of the system.

CAPEX

Capital Expenditure. Funds used to acquire or to upgrade physical assets. 

CEF

The Connecting Europe Facility (CEF) finances projects in order to improve the trans-European energy infrastructure.

CERA

Cyprus Energy Regolatory Authority

Commercial Operation Date

The date the pipeline is completed and able to receive, transport and  deliver natural gas.

Deep waters

Depths of over 500 metres

DEFA

Cyprus Natural Gas Public Company

DEPA

Greek Public Natural Gas Corporation 

DESFA

Greek National Gas Transmission System Operator 

DG ENER

Directorate General of the European Commission for Energy.

EBRD

European Bank for Reconstruction and Development.

EC

European Commission of the European Union.

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