AggregateEU Updates
Check your Info Sheets and get ready for the Bidding!
Dear Reader,
The Demand Submission Phase of the first Mid-Term Tender through AggregateEU has ended and we are happy to share the excellent response to the new Mid-Term Product!
Altogether, 19 companies – including industrial consumers – have submitted requests for a total volume of almost 34 billion cubic metres of gas.
LNG demand represents over 15,3 bcm, while more than 18,3 bcm was requested for delivery through pipelines.
You can find more details in the official press statement of the Executive Vice President of the European Commission, Maroš Šefčovič.
Today, PRISMA published the Info Sheets about the different tenders which buyers can now assess. Unlike in the Short-Term Tenders, the demand is not aggregated at any given location for any given period. Rather, the demand of each individual buyer is published as a discrete tender in which sellers can participate.
How to view the Information Sheets?
To view the Information Sheets, do as follows:
(1) log into your account;
(2) click on "AggregateEU" on the top blue menu;
(3) then, click on "Demands;"
(4) finally, click on "My Information Sheets.”
By using the filters or scrolling down, you can easily find the relevant info sheet.
You can find a more detailed walkthrough in our AggregateEU Hub.
The Offer Process: What’s Next?
After buyers have the chance to assess the info sheets, the Bidding Phase will run from February 26 to February 27. Sellers must simply express their interest in supplying the whole demand for a specific buyer based on the different six-month periods for which the latter has submitted their demand. No further information is required.
How to express your interest in selling gas in a Mid-Term Tender?
You can express your interest by doing the following:
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Log into your account;
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Click on "AggregateEU;
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Click on "Overview;"
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Click on "Join" inside the tile of the LNG or NBP Tender;
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Then, find the tender in which you'd like to make an offer and click on "Express Interest:"
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Finally, click on "Express Interest" in the pop-up window.
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Next Steps: Matchmaking & Negotiation
The Matching Results will be published on February 29. After the tender closes, the buyer will receive your contact details as a match and choose whether to proceed to the negotiation phase with you.
Please note
- Participation in a tender does not bind or entitle you to purchase gas. Contracts will be negotiated and concluded outside AggregateEU.
- Companies can seek to facilitate negotiation and contract conclusion by leveraging the services of companies acting as Central Buyers or Agents on Behalf. You can learn more about these services in the linked article.
- If you need financial support for your upcoming transactions under AggregateEU, you may receive support from certain public financial institutions. Please refer to our AggregateEU Hub to learn about available support, the related conditions, and the contact details.
With our regular AggregateEU Updates, we will keep you posted about the latest developments. For further questions, don’t hesitate to get in touch with our Customer Success Agents.