What is gas storage marketing?
Gas storage marketing
Gas storage marketing is the process of selling gas from underground gas storages to energy suppliers. Storage owners can sell (parts) of the storage to third parties as storage contracts. Depending on the regulatory regime it can even be a requirement to offer all capacity into the market. Most storage owners offer so-called standard storage bundles. A standard storage bundle contains a fixed ratio of injection capacity, withdrawal capacity and working gas volume. The ratio depends on the physical characteristics of the storage facility. Storage owners can also offer non-standard storage products, sometimes including even only injection capacity, withdrawal capacity or working gas volume.
Generally speaking, storage contracts can be marketed during pre-announced auctions, during bilateral negotiations or as a result of regulatory allocation. Storage contracts can be for one storage year, multiple storage years or for shorter periods.
Furthermore, the transfer of storage rights is governed by a standard storage agreement (SSA).
Gas storage marketing is the process of selling gas from underground gas storages to energy suppliers, though auctions, negotiations or regulatory allocations.
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