Gas Storage Denmark is pleased to inform you that we will conduct a pay as bid auction on 2 May 2018 for the option to purchase storage capacity with duration of one, two or three storage years starting from 1 May 2019 06:00.
The auction starts at 10:00 and ends at 12:00 (CET).
In the Auction you will have the opportunity to reserve a total storage capacity for delivery in the Storage Years 2019/20, 2020/21 and 2021/22 against a premium.
The Maximum Yearly Quantity for the option offered in the Auction is:
- 2 TWh in Storage Year 2019/20
- 2 TWh in Storage Year 2020/21
- 2 TWh in Storage Year 2021/22
All allocated on the Auction options can be exercised with deadline 13 July 2018, 16:00 CET.
An option will result in a Standard Storage Agreement only if exercised in a timely manner.
The products on offer and the corresponding strike prices together with all other terms and conditions are described in the following:
If you have any question please contact us.