Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

VIP Pirineos link sells 16.7 GWh daily Spain-France Q1 natural gas capacity

Electric Power | Nuclear | Natural Gas | Oil | Crude Oil | Metals | Steel

Market Movers Europe, Oct 14-18: Oil markets focus on Putin's Saudi Arabia visit; Brexit looms over carbon market

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Commodities | Energy | LNG | Natural Gas | Natural Gas (European) | Natural Gas (North American) | Natural Gas Risk | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

LNG Conference, 19th Annual

Natural Gas | Oil | Crude Oil

Russia, UAE sign new energy cooperation agreements

VIP Pirineos link sells 16.7 GWh daily Spain-France Q1 natural gas capacity


Price premium of Eur0.05/kWh/h per quarter paid by winners

Q2 auction also sells nearly 100% of capacity on offer

No capacity awarded on Spain-Portugal link

Barcelona — Spain's natural gas grid operator Enagas said it successfully awarded a total of 16.7 GWh of firm bundled daily entry capacity on the border with France for the first and second quarters of 2019 in auctions concluded Tuesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

In a posting on its website, the company said the auction saw the entire amount of 693 MWh per hour awarded for the period on the VIP Pirineos virtual link between the two countries, with the bidding resulting in a price premium Eur0.05/kWh/h per quarter, which is payable in addition to the Eur1.06/kWh/h per quarter regulated tariff. All figures have been rounded.

For the Q2, 2019 auction, also held Tuesday, Enagas said it awarded nearly the full quota of bundled capacity on offer of 693 MWh/h at a premium of Eur1.26/kWh/h per quarter in addition to the regulated tariff of Eur1.50/kWh/h per quarter.

Enagas did not provide any details regarding the bidding procedure or name the winners of the capacity.

Further along the curve, the auction for Q3 capacity saw 8% of the 26.7 GWh bundled daily capacity on offer awarded with no premium over a regulated price of Eur0.95/kWh/h per quarter.

For the Q4 product, the same amount of firm bundled capacity (2.2 GWh/day) was awarded with no premium, and a regulated tariff of Eur0.857kWh/h per quarter.

The auction for firm unbundled capacity was far less successful, with only 24 kWh/day awarded for Q1 from 50 GWh/day on offer, or 0.00005%.

For Q2, 11% of the 50 GWh/day firm unbundled capacity was awarded at the Enagas regulated tariff of Eur1.49/kWh/h per quarter.

For Q3 and Q4, 0.0001% was sold of 40 GWh/day on offer at prices of Eur0.95/kWh/h per quarter for Q3 and Eur0.85/kWh/h per quarter for Q4.

In terms of exit capacity from Spain to France on the VIP Pirineos link, 48 GWh per day was offered for each of the four quarters of 2019 as firm bundled capacity and 50 GWh/day as firm unbundled capacity, but zero was awarded in each sale, according to Enagas.

Commercial capacity on the Virtual Interconnection point between Spain and France is around 60 GWh/day, according to Enagas.

For September, 1.66 TWh of gas has been nominated to flow across the connection from France to Spain, according to Enagas, equivalent to 55.5 GWh per day.

Of this total, 7.2 GWh/day, or 27% of the amount offered was awarded via auction as firm bundled capacity at the Enagas regulated tariff of Eur0.31/kWh/h per month.

Additionally, 1.1 GWh/day (3% of the amount offered) was awarded as firm unbundled capacity at the same price.

On Spain's other virtual link, the VIP Iberico, with Portugal, no capacity was awarded in either direction in auctions for the four quarters of 2019, from 80 GWh/day on offer for each period.


--Gianluca Baratti,

--Edited by Jeremy Lovell,