Open Season 2017: Demand for gas transport remains stableGroningen | press release
More requirements for capacity with shorter terms, emergence of trading in secondary capacity
Customer demand can be met by existing infrastructure, there is more demand for transport capacity with shorter terms and there is potential for growth of secondary trading in capacity. These were the outcomes of the fourth Open Season recently conducted by GTS.
The number of agreements for booking capacity in this Open Season has remained limited. According to GTS customers, they are cautious about entering into an agreement of ten years or more in the current economic conditions. Ten years is the minimum term for an Open Season booking. This term is necessary for GTS to be able to take prudent investment decisions in a responsible manner. The demand arising from these agreements is mostly covered by secondary capacity offered by other Open Season participants. Customer demands can be met by existing infrastructure.
Moreover, there is substantial demand for transport capacity to be offered with shorter terms, such as annual contracts. As several parties have offered secondary capacity in this Open Season, GTS acknowledges that there is strong potential for further growth in trading in secondary capacity. GTS customers can offer and trade their capacity anonymously via the GTS Bulletin Board.
National network operator GTS, subsidiary of gas infrastructure company Gasunie, holds a new Open Season every two years. GTS conducts an Open Season in order to ask its customers to make known their long-term transport capacity requirements. In this way, GTS is able to test whether the requirements would be a reason to expand the national gas network.