www.taqaglobal.com www.gasstoragebergermeer.com Flexible solutions for your gas storage needs TAQ 2990 GSB Brochure 2013–A3Flyer_P6_PRINT_TE.indd 1 30/01/2014 09:55 Capacity auction Transparent access In previous open seasons, 13TWh was sold as long-term capacity. In September 2014 we are auctioning again approximately 13TWh as short-term capacity. This capacity will commence April 2015 ranging from 1 to 3 storage years. Reserve multiplier A reserve multiplier of 1.1 for the summer-winter spread will be used in the 2014 auction. Gas Storage Bergermeer Free choice of tenor and lot size Gas Storage Bergermeer customers can bid during the 2014 annual auction for the tenor and lot size that best fits their portfolio. Europe’s largest, open-access gas storage TAQA is committed to contributing to consistent, affordable, reliable and sustainable energy supplies to Northwest Europe. Long-term analysis shows that the decline in gas production will create a substantial decrease in flexibility in the market. To fill this gap we developed Europe’s largest, open-access gas storage; providing the Northwest European gas market with 46 TWh of seasonal storage capacity. Gas Storage Bergermeer will begin full commercial storage operations in 2015. Independent storage operator Gas Storage Bergermeer is an independent storage operator with service delivered at the TTF. We offer a technically advanced, highly flexible, storage product. Gas Storage Bergermeer places great importance on customer focus, providing transparent and innovative services to maximise value. Fair and transparent We strive to ensure our fair and transparent approach is evident in all we do. From our products and services, to our Standard Storage Services Agreement - we treat all customers equally - both in terms of the auctioning of capacities and our extensive support. We publish expert guidance to support your legal and credit teams. Product characteristics Gas Storage Bergermeer provides highly flexible services: 3 steps to participate: Sign the confidentiality agreement 1 • Receive Allen & Overy’s legal report, guide to the SSSA and the Gas Foundation • The Gas Storage Bergermeer team is always available for support Sign the SSSA 2 • Provide credit details and receive credit limit • Operational readiness: set up all operational and IT details to implement the contract Register for the auction 1 2 Short re-nomination Service delivery at the TTF: no lead time allowing within-day balancing transport costs or associated regulatory risks 3 4 5 6 No predefined injection or withdrawal periods Pricing indexed to the summer-winter spread without caps or floors Firm capacities independent of other customers’ usage Access to unused capacities Gas Storage Bergermeer SSSA All customers treated equally Gas Storage Bergermeer’s Standard Storage Services Agreement was developed in consultation with our customers. One SSSA that manages all current and future capacities where all customers are treated equally. The Gas Storage Bergermeer team supports you and your internal stakeholders in every step towards participating in the auctions, by sharing Q&As and by providing you access to the independent legal advice written by Allen & Overy to support your legal and credit teams. 3 • Sign Power of Attorney • Gas Storage Bergermeer and ICE Endex teams available for support Innovative services To optimise your portfolio ACCESS: Working gas as collateral This unique and innovative service is offered by Gas Storage Bergermeer, in cooperation with our customers and supporting banks, to foster optimal use of stored gas. We call this service ACCESS. Secondary trading platform by ICE Endex Gas Storage Bergermeer’s secondary trading platform, provided by ICE Endex, eliminates credit risk and enables customers to anonymously trade bundles, unbundled capacity and Gas-In-Storage. The Gas Foundation The Gas Foundation is a bankruptcy-remote vehicle that guarantees access to your gas even in the most extreme scenarios. The board of the Gas Foundation is formed by customers of Gas Storage Bergermeer. For more information, please visit www.gasstoragebergermeer.com Benefits of signing our SSSA: One framework providing access to upcoming and all future auctions Access to unused capacities Access to the secondary storage market Gas Storage Bergermeer partners Long-term vision and commitment TAQA has a 60% stake in Gas Storage Bergermeer and is the operator of the storage facility. TAQA Gas Storage B.V. acts as the marketing agent for all storage capacity available for third parties. EBN, an independent company with the Dutch State as its sole shareholder, holds a 40% stake in Gas Storage Bergermeer. Together with TAQA, EBN is investing €800 million in the design and construction of the gas storage facility. As part of the realisation of this project, an agreement was made with Gazprom Export in 2009 to deliver cushion gas to pressurise the reservoir. Gazprom Export will receive storage capacity and a minority interest in the technical operatorship of the facility. TAQA TAQA, the international energy company from Abu Dhabi, is majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our interests lie in conventional and alternative power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. We operate in Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States. Please visit: www.taqaglobal.com. Customer enquiries TAQA Gas Storage B.V. World Trade Center Prinses Margrietplantsoen 40 2595 BR The Hague The Netherlands T: +31 88 8272 500 E: [email protected] www.gasstoragebergermeer.com Issued 2014, no rights may be derived from the information contained in this brochure. TAQ 2990 GSB Brochure 2013–A3Flyer_P6_PRINT_TE.indd 2 30/01/2014 09:55
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