We are pleased to inform you that Balkan EAD Gas Hub offers the Service "Auctions setting" under the following terms and conditions:
- The client shall send a written request for setting an auction, which contains the parameters for its conduct (amount of quantities - total or per day, method of determining the price, tender mechanism for quantities’ allocation, delivery period, point of title transfer) - at least 5 days prior the date of the auction;
- Balkan Gas Hub EAD sends a written confirmation of the technical feasibility of the auction within three days from the request receiving;
- In the presence of confirmation by Balkan Gas Hub EAD regarding the technical feasibility, the client pays a fee for initiating a non-standard product "auction";
- The Client shall publicly announce the conditions of the auction, corresponding to the request confirmed by Gas Hub Balkan EAD, at least 5 days before the date of the auction;
- Balkan Gas Hub EAD sends a market notice regarding the holding of the auction to the market members immediately after the publication by the client;
- Balkan EAD Gas Hub shall send information on the auction results within 48 hours from the end of the auction, unless otherwise is specified in the conditions agreed.
Balkan Gas Hub Team