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>

<< Dec 2016 >>
MTWTFSS
28 29 30 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 31 1

Floating LNG

Despite challenging market conditions, global capital expenditure (Capex) on FLNG facilities is forecast to increase significantly over the 2016-2022 period. The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units over the last 24 months. However, the need to move towards cleaner sources of energy and diversify gas supply has stimulated the floating regasification market – over 14 countries are expected to commission their first floating import unit over the forecast period. Against this backdrop, SMi’s 5th annual Floating LNG conference will provide attendees with strategic insight on the latest developments within the FLNG market to optimise activities and ensure project sustainability and success. The two-day programme will also equip you with the tools to overcome the logistical, financial, technological and economic challenges associated with FLNG deployment and ensure succinct transition from design to operation.

More info

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas (LNG) sector – training course by tutored distance learning…

read more >

LNG Pricing, Trading & Risk Management: 2-Day Course

This is a highly practical course in which participants will receive and use the LNG Analysis Toolkit (TM), a suite of Excel templates and algorithms, to apply the concepts and techniques they will learn in the following areas:

  • Analyzing supply, demand, trade flows & pricing in the LNG markets
  • Constructing LNG forward market price & volatility curves
  • Pricing, structuring & negotiating competitive LNG supply contracts
  • Identifying & executing successful LNG trading and hedging strategies
  • Modeling & optimizing LNG position risk vs. reward
  • Profiling, measuring & hedging LNG portfolio risk

Our course is a truly unique professional development and learning experience that past participants have credited for boosting their knowledge, skills and productivity.

More info

read more >

CWC’s World LNG Summit & Awards Evening

Now in its 17th year, the CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry…

read more >