TTPC and Transmed to enable Secondary Market trading via PRISMA
TTPC and Transmed will enable Secondary Market Trading for natural gas capacity starting October 1, 2024.
Leipzig, September 24, 2024 – PRISMA European Capacity Platform GmbH is pleased to announce that the Trans Tunisian Pipeline Company (TTPC) and Transmed will enable Secondary Market Trading starting on October 1st.
Both TTPC and Transmed have regularly offered uncommitted firm transportation capacity through PRISMA on a “first come, first served” (FCFS) basis. In June 2024, the operators expanded their portfolio to include weekly, weekend, and day-ahead capacities. The upcoming addition of Secondary Market Trading will further enhance capacity management options for Shippers.
About Secondary Market Trading
Secondary Market Trading via PRISMA allows Shippers to optimize their capacity by offering it to other market participants.
Key Features:
- Trade Proposals: Shippers can create proposals to buy or sell capacity, which must be validated by PRISMA and, if necessary, by the Transmission System Operator (TSO).
- Transaction Types: Shippers can request a Transfer of Use (transferring nomination rights but retaining legal responsibility).
- Trading Options: Available procedures include Over the Counter (OTC) and Call for Orders (CFO).
For more details on setting up a trade, please refer to the linked Knowledge Base Article.
Requirements: Shippers must be registered on PRISMA and hold valid assignments with both TTPC and Transmed. If you are already an active user, please ensure that your Power of Attorney and Declaration documents are up-to-date to avoid any disruptions. For detailed guidance, visit the PRISMA Knowledge Base or contact TTPC and Transmed for assistance at info@ttpc.sea-corridor.com.
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About PRISMA
PRISMA European Capacity Platform GmbH is Europe’s leading platform for managing natural gas capacity. We connect more than 40 operators and provide access to transportation services across multiple networks, enhancing market efficiency and transparency.
About TTPC
The Trans Tunisian Pipeline Company is responsible for transporting natural gas from Algeria to the Mediterranean coast of Tunisia, where the pipeline connects to the TMPC submarine line, enabling delivery to Europe.
About Transmed
Transmed S.p.A., a joint venture between SeaCorridor and Sonatrach, operates the Transmediterranean Pipeline, a vital energy link transporting natural gas from North Africa to Europe.
