Germany Established in 2005 by German TSOs to Short-term secondary capacity Transactions executed on facilitate secondary trading of gas transactions are based on operational the exchange are sent transportation services. transfer and bilateral settlement straight to the relevant TSO TRAC-X to perform the transfer of Web-based trading platform allowing Medium-term secondary capacity capacity from the buyer to contract holders to trade or auction transactions are based on contractual the seller. capacity. transfer. Buyer makes nomination In response to European gas market Buyer takes on financial obligations direct to the TSO. initiatives, in 2010 TRAC-X also direct to the TSO tasked with auctions for primary Trading occurs 9am-11am Monday to capacity allocation for German Friday. pipelines. Seller can filter out buyers that they have not established credit support. Belgium Capsquare is a web-based platform to buy Short to medium-term capacity Capsquare sends details of or sell natural gas transmission capacity on transactions. capacity transactions to the France the secondary market in: relevant TSO so that the Bilateral settlement. capacity usage rights can be Fluxys Transmission Belgium’s Capsquare transferred from the seller Network and Storage Installation; and to the buyer. GRTgaz network France’s
Germany TRAC-X Established in 2005 by German TSOs to facilitate secondary trading of gas transportation services. Web-based trading platform allowing contract holders to trade or auction capacity. In response to European gas market initiatives, in 2010 TRAC-X also tasked with auctions for primary capacity allocation for German pipelines. Short-term secondary capacity transactions are based on operational transfer and bilateral settlement Medium-term secondary capacity transactions are based on contractual transfer. Buyer takes on financial obligations direct to the TSO Trading occurs 9am-11am Monday to Friday. Seller can filter out buyers that they have not established credit support. Transactions executed on the exchange are sent straight to the relevant TSO to perform the transfer of capacity from the buyer to the seller. Buyer makes nomination direct to the TSO. Belgium France Capsquare Capsquare is a web-based platform to buy or sell natural gas transmission capacity on the secondary market in: Belgium’s Fluxys Transmission Network and Storage Installation; and France’s GRTgaz network Short to medium-term capacity transactions. Bilateral settlement. Capsquare sends details of capacity transactions to the relevant TSO so that the capacity usage rights can be transferred from the seller to the buyer.
Gas%20Transmissin%20Pipeline%20Capacity%20Trading%20-%20Decision%20RIS%20-%20Dec%202013.docx