Snam Rete Gas, FluxSwiss, Fluxys TENP and Fluxys Belgium have launched their coordinated market process for interested shippers to book long-term gas transmission capacity from the Italian trading point PSV through Switzerland to the NCG and Gaspool trading points and/or the ZTP trading point in Belgium.
Unique opportunity for the community of shippers
The market process is a unique opportunity for the community of shippers to make the market benefit from gas flow capacity in both directions between Italy, Switzerland, Germany and Belgium. The joint approach of the four transmission system operators results from the Memorandum of Understanding agreed between parent companies Snam and Fluxys last August for developing and marketing reverse flow capacities from south to north between Italy and the UK.
Creating reverse flow capacity from Italy through Switzerland to Germany and Belgium will strengthen security of supply as it opens for Northwest Europe additional supply opportunities from Italy. It will also deepen market liquidity by fully connecting the gas trading places in Italy, Germany, Belgium and the UK.
Fluxys TENP: binding phase starts today
With the binding phase for long-term south to north capacity commitments in the TENP system starting today, an Information Memorandum on the investment and capacity expansion measures planned by Fluxys TENP is made available on the company’s website.
The document outlines the background underlying the planned investment and capacity expansion measures and details the procedure for allocating new capacity. It also provides information on the capacity products proposed by Fluxys TENP, the tariff ranges and the mechanisms used to allocate capacity on a transparent and non-discriminatory basis.
[mappress] LNG World News Staff, December 21, 2012; Image: Fluxys