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.