Secondary Auction

The Secondary Auction is designated for existing storage users interested in secondary sale of their booked storage capacity through electronic auction. Based on the result of the auction the storage operator does subsequent transfer or lease of the storage capacity the inviting party has booked in an gas storage facility.

The inviting party can offer either whole storage capacity he has booked in a gas storage facility or a part of such capacity in the form of a bundle or in the form of separate working gas volume, injection or withdrawal capacity. The inviting party can offer such storage capacity for a shorter period or also with a ratio of working gas volume, injection and withdrawal rates other that stated in his gas storage contract. Only the injection and withdrawal curves has to be left unchanged.

The auction takes place in our Auction system similarly to the auction process for available storage capacity offered directly by the storage operator. The conditions of each individual auction will be specified by agreement between us and the inviting party.