Invitation to tender for natural gas – initial filling of the second line of EUGAL

GASCADE Gastransport GmbH requires natural gas for the purpose of the initial filling of the second line of the European Gas Pipeline EUGAL. Natural gas traders are invited to take part in a tender held by GASCADE Gastransport GmbH for the sale and supply of quantities of natural gas.

GASCADE Gastransport GmbH is calling for tenders for around 700,000 MWh of natural gas to be delivered at the virtual trading point GASPOOL in 6 lots. The maximum hourly quantity per lot is 750 MWh. The supply period for which the lots are to be offered commences on 1 December 2020 (6:00 CET) and ends on 15 February 2021 (06:00 CET).  The offer to sell and supply natural gas will be based on a master agreement and an individual agreement as an annex to the master agreement. GASCADE will conclude these agreements with those natural gas traders who are awarded the contract. The individual agreement for the master agreement will define in particular the pricing, the number of lots with the maximum hourly quantity per lot, and the delivery time. 

Conclusion of a master agreement and an individual agreement as such does not oblige GASCADE to order, to accept and to pay for actual natural gas quantities. If required, GASCADE will purchase from the natural gas trader the actual quantity of natural gas as a spot market product at the European Gas Spot Index price by placing individual orders within daily bands.

Natural gas traders wishing to offer natural gas have to first take part in a prequalification process in order to be able to present their terms of sale and delivery in the subsequent invitation to tender and bidding phase. 

Timelines

Pursuant to Section 2 (5) of the invitation to tender conditions, all the documents required for prequalification must be received by 12 noon on 14 September 2019. 

The tender and bidding phase in accordance with Section 3 (1) of the invitation to tender conditions ends at 12 noon on 21 September 2020.

The contract award phase conducted by GASCADE in accordance with Section 4 (1) of the invitation to tender conditions will end at 6:00 p.m. on 28 September 2020.

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