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>

<< Apr 2015 >>
MTWTFSS
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 2 3

Understanding Terminals and Terminal Operations: A Critical Link in the LNG Chain

With the boom in construction of LNG plant across the world, companies need to understand how an LNG terminal is operated…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas sector from IBC Academy…

read more >

2015 China Oil and Gas Infrastructure, Logistics and Distribution Conference

2015 China Oil and Gas Infrastructure, Logistics and Distribution Conference (COGILD 2015 ) will provide a top-level overview and detailed insight into the operating environment of the energy infrastructure construction industry in China. It is an essential forum for investors, engineering, procurement and construction contractors, designers, equipment providers and other decision makers involved in energy project investment.

More Info

read more >

5th Colombia Oil & Gas Conference & Exhibition 2015

The Colombia Oil & Gas Conference is the must attend platform for all existing and potential stakeholders wanting to discover new…

read more >