How to Submit a Sale Offer in a LNG or NBP Tender?

Modified on: Fri, 8 Sep, 2023 at 1:57 PM

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Overview


After the demand of buyers is collected and aggregated, an info sheet is published to them. Buyers can then decide to withdraw from the process or continue. Based on the demand of buyers who do decide to continue, a tendering round begins in which you, as a seller, may submit offers to supply gas for that demand.


Note that, to participate in this process, you must first (1) register on the PRISMA Platform and (2) subscribe to AggregateEU.


Instructions


To submit your offer in an AggregateEU Tender, do as follows:


1. Log into your account;


2. Click on "AggregateEU;


3. Click on "Overview;"

4. Click on "Join" inside the tile of the LNG or NBP Tender;



Then, from the list, find the specific tender (location, month) for which you'd like to submit a gas offer and click on "Submit Offer:"



I) LNG Tenders:


Now, if you're participating in an LNG tender, add the following details to create your offer:

1. Gas Quantity: the amount of gas you are able to offer in MWh.


2. Price: an indicative value in EUR/MWh. This price must be expressed as a discount (negative value) or premium (positive value) to the price of the Dutch TTF Natural Gas Futures for the month of delivery. For more details, please check this article: What Does the Price in LNG Sale Offers Indicate?


3. Preferred Terminals: the terminals at which you'd be willing to make the delivery.


4. Valid Until: the date until which your offer is valid.


NOTE: the earliest possible validity date is two full days after the end of the offer submission phase at 00:00. For the sake of illustration, the Offer Submission (Bidding) Phase of the Third Tendering Round ends on October 4 at 18:00 CEST. So, the earliest validity you may enter is October 7 at 00:00.


5. Then, read the AggregateEU Terms and Conditions and accept them by checking the box;


6. Finally, click on "Submit."



II) NBP Tenders:


If you're participating in an NBP tender, add the following details to create your offer:



1. Gas Quantity: the amount of gas you are able to offer in MWh.


2. Price: an indicative value in EUR/MWh. This price must be expressed as a discount (negative value) or premium (positive value) to the price of the Dutch TTF Natural Gas Futures for the month of delivery. For more details, please check this article: What Does the Price in NBP Sale Offers Indicate?


3. Valid Until: the date until which your offer is valid.


NOTE: the earliest possible validity date is two full days after the end of the offer submission phase at 00:00. For the sake of illustration, the Offer Submission (Bidding) Phase of the Third Tendering Round ends on October 4 at 18 CET. So, the earliest validity you may enter is October 7 at 00:00.


4. Then, read the AggregateEU Terms and Conditions and accept them by checking the box;


5. Finally, click on "Submit."


You will then be able to see your offer inside the tender tile:





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