Invitation to tender
for natural gas

GASCADE Gastransport GmbH requires natural gas to fill the European Gas Pipeline Link (EUGAL) for the first time. Natural gas traders are requested to take part in an invitation to tender held by GASCADE Gastransport GmbH for the sale and supply of quantities of natural gas.

GASCADE Gastransport GmbH is inviting tenders for around 850,000 MWh of natural gas at the virtual trading point GASPOOL in 4 lots. The maximum hourly quantity per lot is 840 MWh. The supply period for which the lots are to be offered commences on 1 December 2019 (6:00 CET) and ends on 15 January 2020 (06:00 CET).  Actual delivery will highly likely be within approximately 14 days in December. Natural gas traders have the right to bid separately for one or more lots.

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, including the associated individual agreement, does not mean that natural gas will be sold to GASCADE. If required, GASCADE will purchase 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 must first take part in a prequalification process so as 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 22 July 2019.

The tender and bidding phase in accordance with Section 3 (1) of the invitation to tender conditions ends at 12 noon on 29 July 2019.

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 5 August 2019.

Contact

If you have any questions, please contact:
Irina Erbert
Phone: +49 561 934-2923
E-mail: irina.erbertSpam Protect@gascade.de

Documents

(all documents in German language version)