Trading Region Upgrade service continues to receive positive market response

The Trading Region Upgrade (TRU) service, connecting the Austrian and the Czech gas markets, continues to receive positive response from the market. In the quarterly capacity auction in August, almost all the offered TRU capacity from the Czech Republic to Austria (22,000 kWh/h/a) in the summer quarters Q2/2019 and Q3/2019 was sold. A decision on how to offer the remaining TRU quantity will be taken soon. The main aim of the TRU service is to simplify transaction procedures and reduce transaction costs.

After the successful annual auction in July, the new specially designed service was offered as a quarterly product by the Austrian and the Czech Gas Transmission System Operators Gas Connect Austria and NET4GAS through auctions in the period 6 – 20 August 2018. For the second time, their customers had the opportunity to bid for their gas to be shipped from Austria to the Czech Republic and vice versa with a single contract. With this, the two companies are also implementing in practice the European Union’s target to bring markets together in an easy and cost-efficient way.

Both Transmission System Operators offer the TRU service individually. Cross-border transactions from Austria to the Czech gas market are provided by Gas Connect Austria, transactions from the Czech Republic to the Austrian gas market by NET4GAS.

The TRU service is offered within a one-year pilot phase after which the product will be evaluated. For further details, please contact the Transmission System Operators directly or visit their websites: www.net4gas.cz und www.gasconnect.at

 

Gas Connect Austria GmbH 

Gas Connect Austria betreibt ein modernes und leistungsstarkes Erdgashochdruckleitungsnetz mit Verbindungen nach Deutschland, der Slowakei, Slowenien und Ungarn sowie zu Speicheranlagen. Neben Fernleitungen betreibt Gas Connect Austria auch einen wichtigen Teil des österreichischen Verteilernetzes. Das Kerngeschäft besteht in der Vermarktung von Transportkapazitäten an den internationalen Grenzpunkten sowie in der Bereitstellung von Kapazitäten für im Inland benötigtes Erdgas. Als österreichischer Fernleitungs- und Verteilernetzbetreiber ist Gas Connect Austria für die österreichische und europäische Gasversorgung ein wichtiger Partner. Um die Gasversorgung langfristig zu sichern wird die bestehende Infrastruktur laufend überprüft, gewartet und auf dem neuesten Stand der Technik gehalten. Entsprechend der Anforderungen des Marktes entwickelt Gas Connect Austria ein umfassendes Angebot an Logistik-Dienstleistungen für Marktteilnehmer aus dem In- und Ausland.

Medienkontakt: publicrelations(at)gasconnect.at, Tel: 0043-1-27500-88052

 

NET4GAS, s.r.o. 

NET4GAS holds an exclusive gas Transmission System Operator (TSO) licence in the Czech Republic, providing efficient, safe and reliable gas transmission services for its customers 24 hours a day, 7 days a week. The company secures the international transit of natural gas across the Czech Republic, domestic transmission to partners in the Czech Republic and associated commercial and technical services. 
NET4GAS transports around 45 billion m3 of natural gas per year and operates more than 3,800 km of pipelines, three border transfer stations, four compressor stations, and nearly a hundred transfer stations at the interface with domestic gas distribution. The company is a member of the Czech Gas Association, the international organisations ENTSOG, GIE, EASEE-gas, and the IGU and Marcogaz working groups. NET4GAS has more than 500 employees.
 

Contact for the media: zuzana.kucerova(at)net4gas.cz, Tel.-No. 00420 739 537 273

 

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Public Relations
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Floridsdorfer Hauptstraße 1
1210 Vienna
+ 43 1 27500-88052
communications(at)gasconnect.at