Denmark Makes Gas Swap with The Netherlands

Denmark Makes Gas Swap with The Netherlands

DONG Energy reported that its recent Gas Tender 2012 was a complete sell-out. The buyers will receive natural gas in the Danish market, and, in return, will deliver corresponding volumes to DONG Energy on the Dutch gas hub, TTF.

  • Ten lots of 131,400 MWh/year for delivery on the Danish gas hub, GTF, had been put up for sale.
  • DONG Energy will receive corresponding gas volumes on the Dutch TTF gas hub.
  • Seven companies placed bids.
  • A total of 58 bids were placed – all ten lots were sold.

Tim Gustav Weibel is Senior Portfolio Manager in DONG Energy’s division for trading with energy commodities:

”Demand for natural gas in the Danish market has been high, and the outcome matches our expectations. The gas auction has proved to be a good successor to our earlier auction programme, Gas Release, which came to an end last year.”

The programme is based on a so-called ’swap’, ie a transaction in which two counterparties make an identical volume of gas available to each other at two geographically different supply points, in this case in Denmark and the Netherlands.

LNG World News Staff, June 13, 2012; Image: dongenergy

 

Share this article

Follow LNG World News

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG BUNKERING MED

The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

International Gas Cooperation Summit (IGCS)

The International Gas Cooperation Summit (IGCS) is a platform for South Africa’s aspirations to build an energy hub for gas cooperation…

read more >

Budapest LNG Summit

Budapest LNG Summit is a niche event focused on the up and coming LNG  region of Central & Eastern Europe (CEE).

read more >

Mozambique Gas Summit & Exhibition

Now in its fourth edition, the Mozambique Gas Summit & Exhibition is recognized as the leading strategic meeting for Mozambique’s gas industry…

read more >