Fluxys LNG - 2 SABRs on sale via auction

Current market conditions have led to a high usage rate of the small scale services. Therefore, following a first additional offering in September, Fluxys LNG will now organize 2 auctions for 2 additional Stand Alone Berthing Rights (“SABRs”) to be used in November 2023.

Offering in October: 2 SABRs for November 2023

In October Fluxys LNG will auction 2 SABRs for the period starting on the 1^st of November 2023 and ending on the 30^st of November 2023.

The offered SABRs follow the rules set out in the regulatory documents, will only have a validity period of one month and are not transferrable to another month.

Scheduling of the SABRs will be possible as from the 1st business day following the last auction for the month considering a latest scheduling inquiry 4 days prior the requested date.

When and how will these SABRs be offered?

The 2 SABRs for November 2023 will be offered one by one in two separate auction on the following dates:

• 1^st SABR auction: 30^th of October 2023 at 10h Belgian time
• 2^nd SABR auction: 30^th of October 2023 at 14h Belgian time

These Auctions will take place via a dedicated Auction Website

Please find below a tutorial of 15 minutes about the auctioning tool (participation conditions of an auction, characteristics of an auction, how to get access to the auctioning tool, how to place bids and how an auction is closed).

Tutorial

Interested to participate in these Auctions?

Please note that in order to take part in these Auctions, you need to have signed the LNG Terminalling Agreement (LTA). 

All communication concerning participation is to be done to info.lng@fluxys.com.

If you already signed our T&C - LNG Auctions version July 2023, and you want to participate in the upcoming auction(s), please provide us by 27^th of October 2023 noon (12h) Belgian time with:

• Which Bidder will represent your company in which Auction, note that only this (principal) Bidder will be accepted to take part in such Auction(s)
• If you wish to add a new Bidder for your company which is not yet registered, send us a signed version of Schedule 1 T&Cs – Power of Attorney,
• In case of any changes on the company's official Power of Attorney, proving that the signatories of the Power of Attorney have the power to act on behalf of your company, also a new version of your company's official Power of Attorney

If you have not signed the current version of our T&Cs – LNG Auctions (version July 2023), please inform and send us by 27^th of October 2023 noon (12h) Belgian time (if applicable) :

• Duly signed Form of Acknowledgement (page 1) together with the other pages of these Terms & Conditions ("T&C LNG Auctions") initialed from page 0 to page 7 included.
• A signed version of Schedule 1 T&Cs – Power of Attorney,
• The company's official Power of Attorney, proving that the signatories of the Power of Attorney have the power to act on behalf of your company
• Which Bidder will represent your company in which Auction, note that only this (principal) Bidder will be accepted to take part in such Auction(s)

By 27^th of October 2023 16h Belgian time, Fluxys LNG will confirm whether Participant to the Terms & Conditions is admitted and send login and password of the Auction Platform to any new Bidder(s). 

In case of any issue with the Auction Website (before the start of an Auction), please submit a written bid to info.lng@fluxys.com by making use of the following fall-back bidding form.

How will these SABRs be allocated?

These SABRs will be allocated via the Ascending Clock Algorithm:

• The starting price is the regulated tariff of 29.491,97 € (excl. variable costs). The Major Price Step is 2 500 €, the Minor Price Step is 500 €,
• The duration of 1 Round is 3 minutes and between 2 Rounds there is a duration of 1 minute,
• The allocation mechanism is described here.

More information?

Feel free to contact your Key Account Manager or send your questions to info.lng@fluxys.com.