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News 17 November 2020

Important Notice: Auctions Postponed

Storengy UK has regrettably found it necessary to postpone the upcoming auctions scheduled for 26th November 2020.

Auction

Storengy UK has regrettably found it necessary to postpone the upcoming auctions scheduled for 26th November 2020. The auctions were due to offer up to two years of Storengy UK’s Flat 30:30 Standard product. Unfortunately, Storengy UK reflected that recent developments in network charging and the regulatory environment make it increasingly difficult for shippers to value Gas Storage capacity. Storengy UK has therefore made the difficult decision to postpone the auctions to Quarter One of 2021 to ensure that all interested parties have a better view of the market and regulatory landscape.

We will continue to engage with interested shippers and customers to discuss the best way forward in light of the challenging situation and thank you for your understanding.

Full details can be found in the Auction Postponement Notice.