FluxSwiss and GRTgaz launch a binding open season following positive market response to the project for creating reverse flow capacity from Italy to France through Switzerland. The project presents the community of shippers with the opportunity to benefit from a bi-directional link between the Italian and French markets and gas trading places.
Open season: two-tier process
Currently, firm capacities between the French-Swiss and Swiss-Italian borders in the GRTgaz and Transitgas systems are only offered in the direction from France to Italy. The open season to create capacities in reverse flow from Italy to France has two separate but parallel and interdependent binding phases:
GRTgaz open season from 5 June until 21 September
GRTgaz proposes to make available 365,000 m³ (n)/h or 100 GWh/d new entry capacity from Switzerland into France at the Oltingue interconnection point. During this binding phase of the GRTgaz open season, prospective system users are invited to express bona fide interest in the project by 21 September 2012.
FluxSwiss open season: September
During the binding phase of the FluxSwiss open season in September, FluxSwiss will make available firm reverse flow capacity from the Italian-Swiss border to Oltingue so as to arrive at a coordinated capacity offer with GRTgaz. The process will take into account the reverse flow capacities which already have been booked during the 2010 open season.
[mappress] LNG World News Staff, June 06, 2012.