Gas Storage Bergermeer Reveals 2011 Open Season Details

• Revised Standard Storage Services Agreement (SSSA) – incorporating feedback from various potential customers
• Explanatory note to SSSA – providing several practical examples that help place the SSSA in operational reality
• BGS 2011 Allocation Rules – describing capacity allocation priorities in the 2011 Open Season
• BGS Initial Credit Limits – describing the process for establishing a Credit Limit for purposes of making a bid in the 2011 Open Season

Open Season Webcast 16 September
We will host an explanatory webcast which we encourage you to attend on 16 September at 10.00am CET. The webcast will be accessible via the new Bergermeer Gas Storage website (www.bergermeergasstorage.com). During the webcast we will present recent improvements to the SSSA, allocation rules, practical operational examples and the procedure for establishing a credit limit for purposes of making a bid.

Open season for 4 up to 10 years of storage capacity
The open season for longer-term storage capacity runs from May 2011 to December 2011. Up to 11 TWh of storage capacity is being offered. The contracts offered in this 2011 Open Season have durations of 4 to 10 storage years starting 1 April 2015. In addition these contracts provide partial storage capacity in the storage year 2014/15.

The storage capacity is offered in 11 equal sized lots of 1,000,000,000 kWh (1 TWh). Of these 11 lots, TAQA offers 7 lots on an indexed pricing and 4 lots as fixed priced. Bids on indexed pricing and bids on fixed pricing will be treated separately. Each bidder may bid on up to 7 of all available lots.

Pricing
Bergermeer Gas Storage offers standard bundles both on a fixed price basis as well as on indexed price basis. The indexed priced lots are based on a market indexed average of the TTF summer – winter spread six months prior to each storage year times a multiplier to be agreed.