Update: Fluxys LNG - 2 SABRs on sale via auction for June 2024

Update: We are pleased to announce that one more SABR will be available for the month of June in addition to the one offered at auction on May 16.

Please note that the period for notifying us of your participation has been extended to Wednesday May 15, 3pm Belgian time.

Note also that a maintenance period will take place during the month of June at the Zeebrugge Terminal. You will not be able to schedule SABR services during this period. In this document, you will find the impacted dates.

 

Current market conditions have led to a high usage rate of the services at the Zeebrugge Terminal. Therefore, as it was the case in 2023, Fluxys LNG will auction Stand Alone Berthing Rights ("SABRs") throughout 2024 on a monthly basis. For every month of 2024, Fluxys LNG will determine and communicate (see “Communication date” in table below) the number of Stand Alone Berthing Rights (“SABRs”) it will offer for the following month. Auctions will systematically start 3 business days after such communication. In case multiple SABRs are offered for a specific month, every time a SABR is allocated successfully in any given auction, the following auction will start 10-15 minutes after the closing of the previous auction.

In case a shipper has already purchased Additional Berthing Rights (ABRs), the shipper can decide to convert three allocated SABRs or a multiple thereof into one or more ABR(s) (e.g. 2 ABRs for 6 SABRs, …). If a shipper opts for such a conversion, this should be communicated to Fluxys LNG at the latest three business days after the allocation of the last SABR from which a conversion can take place (example: after the allocation of the third SABR slot for the conversion of 1 ABR). Take into account that the premiums (equal to the delta of the cleared price and the regulated tariff) still need to be paid after conversion.

The allocated SABR(s) will only be valid during the applicable month (see table below) and are not transferrable to another month.

Scheduling of the SABR(s) will be possible as from the 1^st business day following the allocation until at the latest 4 days prior the requested date.

Availaibility for June 2024: 2 SABRs on sale

The 2 SABRs will be offered one by one in two consecutive auctions on 16 May 2024. The first auction will start at 10h Belgian time, the following auction will start 5 minutes after the previous one.

 

Thereafter, when will the SABRs be offered?

These Auctions will take place via the following 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 prior to take part in these Auctions, you need to have signed the LNG Terminalling Agreement (LTA). 

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

If you have already signed our T&C - LNG Auctions version July 2023, and you want to participate in the upcoming auction(s), please provide us at the latest 2 business days at noon before the auction date of each month 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 above 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 at latest 2 business days at noon before the auction date of each month (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 above 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)

At the latest 1 business day at noon before the auction date of each month, 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 for SABR. Find the regulated tariff for SABR and other LNG services here. The Major Price Step is by default 2 500 €, the Minor Price Step is by default 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.

If unallocated SABRs remain after the auction process, these SABRs will be offered on Fluxys LNG's website under the First Committed, First Served principle.

More information?

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