Termination of EUCABO platform as of 01 July 2012

Termination of EUCABO platform as of 01 July 2012

Hanover, Groningen, 25 May 2012

As a consequence of the launch of the new cross-border service “Bundled Capacity Auction”, the EUCABO partners Gas Transport Services B.V. (GTS) and Gasunie Deutschland Transport Services GmbH (GUD) will discontinue the EUCABO platform as of 01 July 2012 (last booking window on 29 June 2012 for gas day 30 June 2012).

Already 4 years ago, in 2008, EUCABO was the first European initiative to offer bundled cross border capacity. As of 22 May GTS and GUD auction bundled capacity at Oude Statenzijl via TRAC-X, the German primary capacity platform. This firm day-ahead service is the first bundled cross border capacity auction that is offered between two EU Member States and takes over the innovative spirit of EUCABO.

Innovation in cross border service is the result of the unique position of GTS and GUD, two cross border TSOs within the N.V. Nederlandse Gasunie group of infrastructure companies. This position provides a link between the TTF and GASPOOL hubs which improves the liquidity of the gas market in North-West Europe. GTS and GUD thereby contribute to an efficient functioning of the European gas market and facilitate competition in the interest of gas users in the region.
 

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