The Gas Storage Bergermeer consortium has developed a framework contract, the Standard Storage Services Agreement (SSSA) which will be the basis for both the long term contracts and the annual auctions. The execution version is available for download below.
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Gas Storage Bergermeer Partners
TAQA is the operator of Gas Storage Bergermeer and will also act as the marketing agent for all storage capacity that is available for third parties.
EBN, an independent company with the Dutch State as its sole shareholder, holds a 40% stake in the Gas Storage Bergermeer project and will, together with TAQA, invest EUR 800 million in the construction and design of the gas storage facility.
As part of the realisation of this project, an agreement with Gazprom group, one of the world’s largest energy companies, was made in 2009 as a result of an open season procedure. For delivering cushion gas to pressurise the reservoir and make commercial operations possible, Gazprom group will receive storage capacity and an interest in the technical operatorship of Gas Storage Bergermeer.
The majority of the working gas volume will be made available to the market.
TAQA is a global energy group headquartered in Abu Dhabi, United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX). Following a series of global acquisitions and organic growth, we have become an established oil and gas operator. TAQA is located in the UAE, UK, the Netherlands, Canada, USA, Morocco, Saudi Arabia, Ghana, India and Oman. TAQA Energy B.V. is a subsidiary of TAQA based in Alkmaar and The Hague, the Netherlands. We are building a portfolio of energy solutions to contribute to a more flexible and competitive European energy market. Founded in 2007, TAQA Energy’s operations focus on strategic energy infrastructure projects and the production and exploration of oil and gas, both onshore and offshore. TAQA is currently constructing Gas Storage Bergermeer, in the Netherlands. The facility will be Europe’s largest and most advanced open access gas storage facility, with a working volume of 4.1 bcm. Gas Storage Bergermeer will double the Netherlands’ seasonal storage capacity and is strategically located at a crossroads of gas export routes from Russia and Norway to Northwest Europe. For more information: www.taqaglobal.com and www.gasstoragebergermeer.com.TAQA is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. TAQA's main activities include oil and gas, power generation and water desalination across four continents. TAQA is the sixth-largest independent power producer in the world. In the Netherlands TAQA's established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI) and developing Gas Storage Bergermeer.
TAQA Fast Facts:
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USD 31.6 billion
Global asset base
Total power generation capacity
Average oil and gas production
EBN is active in the exploration for, production of and trading in oil and gas in the Netherlands. Together with other national and international oil and gas companies EBN invest in exploration and production and in gas storage facilities in the Netherlands. The initiative for exploration, development and production activities is up to the licence holders. EBN does not aim to be the operator in the joint ventures, but invests, facilitates and shares its knowledge. EBN distributes all the profits from these activities to the State, its sole shareholder.
Gazprom Export is one of the most successful and advanced Russian companies. In 2010, the volume of natural gas exports to far-abroad countries amounted to 138.6 billion cubic meters. Russia’s gas exports constitute a vital part of European energy security, which has been borne out by more than 40 years of experience in supplying gas to the European continent.