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National Grid offers long term LNG storage capacity to market
National Grid has begun the process of offering long term storage rights at its liquified natural gas (LNG) storage facilities to third parties.
The high pressure transmission network operator has three specialist LNG storage facilities, at Avonmouth near Bristol, Glenmavis near Glasgow and Partington near Manchester, where capacity is currently sold on an annual basis. The company announced last year that it would offer long term capacity and has now invited expressions of interest.
National Grid is proposing to offer two different long term services:
o Locational - firm storage capacity rights at a specific facility, with customers responsible for booking their own transmission system entry and exit capacity.
o Non-locational - firm storage capacity rights in a non-specific "virtual storage facility" (although gas would be physically held in one or more of the storage facilities). The customers' gas would be transferred directly between storage and the National Balancing Point (NBP), with National Grid procuring the entry and exit capacity,
The system operator said the amount of capacity sold would depend on the level of interest. If interest was high, it may build new storage, the company said.
The request for proposals document can be obtained from Bhavesh Suthar (bhavesh.suthar@uk.ngrid.com). Proposals must be made by 16 October setting out indicative non-binding prices offered, contract term (up to 20 years) sought along with any other assumptions or conditions.
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