Deutsche Energy Terminal GmbH will market short-term regasification slots for Wilhelmshaven and Brunsbüttel terminals, with auctions starting February 4, 2025.
Auctions for OTD Slots (Obligation to Deliver) will start on February 4, 2025, and for NOTD Slots (No Obligation to Deliver) on February 5 and 6, 2025.
The slots cover services for regasification, LNG storage, and send-out to the gas grid. The descending auctions starts at 0.60 EUR/mmBTU for OTD and 0.71 EUR/mmBTU for NOTD, with 0.20 EUR/mmBTU decrements per round (up to four rounds).
Each round is a "pay-as-bid" round in which the bidder commits to a price above the reserve price (= the minimum price) for that round; the highest bid of the round wins.
If there are no bids, the auction continues with the next round. If, in round 4, there are no bids, the slot remains unsold. In the case of two or more equal bids, the bid with the earliest timestamp wins.
The start price for the first round is 0.60 EUR/mmBTU for OTD slots (Obligation to Deliver) and 0.71 EUR/mmBTU for NOTD slots (No Obligation to Deliver). If there are no bids, the auction continues with the next round, with the reserve price lowered by 0.20 EUR/mmBTU. There will be a maximum of 4 rounds.