From 1 June GasTerra will sell, besides high-calorific gas, also low-calorific gas on the TTF (Title Transfer Facility) at a TTF spot market indexation. This is a response to the current market trend whereby, besides the conventional oil link, which is still widely used internationally, and some mixed oil and coal variants, a price also arises at trading places which is the result of gas-to-gas competition in the liberalised market. By providing additional volumes on the TTF GasTerra will promote the further development of this spot market. GasTerra anticipates selling approximately 10% of its domestic sales volume at spot market indexation.
GasTerra applies ‘month-ahead pricing’ as the basis for the spot market indexation. The market for these products is sufficiently liquid. The Argus Media Ltd. and Heren Energy indices are taken as the basis, as these indices are transparent (respected in the market), public and a good reflection of the market. In addition this product will also be supplied at the custody transfer station.
To promote a situation in which all interested parties can contract volume at spot market indexation, a maximum is being set for the volume per client.
From today interested customers can obtain information about the product and associated details.
Further information:
GasTerra B.V.
Ben Warner (Communications Department), tel. +31 (0)50 364 88 10
E-mail: ben.warner@gasterra.nl
GasTerra
GasTerra is an international trading company in natural gas. The company is active on the European energy market and accounts for a substantial share of the Dutch energy supply. The company also offers services that are linked to trade in gas. It has a strong purchasing position and over 40 years of experience.
