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Revealed by Jessica Casey,
Editor
LNG Trade,
PRISMA European Capability Platform GmbH has introduced that AggregateEU won’t solely stay lively in 2024, however may even develop its companies. Up till now, gasoline patrons and sellers might take part in short-term tenders and submit their month-to-month demand till March 2025.
To deal with the rising demand for stability and predictability amongst contributors, PRISMA, on behalf of the European Fee, has broadened its product portfolio by introducing Mid-Time period Tenders. In these tenders, patrons will have the ability to submit their demand for seasonal six-month durations, going from April 2024 to October 2029.
The primary mid-term tender on AggregateEU is scheduled to start on 15 February 2024.
Maroš Šefcovic, Government Vice President of the European Fee, mentioned: “This follows a request from some market actors, specifically industrial shoppers, for a brand new product that may higher match their procurement methods and desires when it comes to stability and predictability for contracting gasoline provides. Along with patrons, the mid-term product will present additional predictability to suppliers, particularly of LNG, that will allow additional LNG provides by means of AggregateEU.”
In that spirit, mid-term tenders are supposed to:
- Help industrial shoppers in exploring further buying and selling choices beneath a pseudonym, i.e. appeal to patrons purely primarily based on the demand profile.
- Help sellers in figuring out patrons who may be occupied with an extended buying and selling partnership – that’s, as much as 5 years.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/22012024/prisma-introduces-mid-term-tenders-through-aggregateeu/
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