ICE Endex Announces Results of European Gas Storage Auction For GasTerra
AMSTERDAM–(BUSINESS WIRE)–Intercontinental Exchange (NYSE: ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced the results of the ICE Endex gas storage
auction held on January 30, 2019, on behalf of GasTerra.
On January 30, a total of 6,614,728 Standard Bundled Units (SBUs) for
the contract period 2019/2020 were offered to the market and after five
auction rounds, 6,614,728 SBUs were allocated. The outcome of the
auction is an average weighted price per SBU of 3.40 EUR.
ICE Endex has successfully operated auctions for virtual gas storage
services in the Netherlands since 2011, with auctions taking place twice
Gas storage services are sold in the form of “standard bundled units”
(SBUs), which allow market participants to inject or withdraw gas from a
virtual storage facility. An SBU has a capacity of 1,440 kWh and
participants may withdraw between 0.6 and 1.0 kWh per hour and inject up
to 0.3333 kWh per hour. The total annual gas storage space is almost 20
billion kWh of natural gas or 13,229,456 million SBUs. The natural gas
from this virtual storage is delivered at the Title Transfer Facility
(TTF), which is the most liquid European natural gas trading hub
As a leading energy exchange in continental Europe, ICE Endex provides
transparent and widely accessible continental European markets for
trading natural gas and power derivatives, gas balancing markets and gas
About Intercontinental Exchange
Exchange (NYSE: ICE) is a Fortune 500 and Fortune Future 50 company
formed in the year 2000 to modernize markets. ICE serves customers by
operating the exchanges, clearing
houses and information services they rely upon to invest, trade and
manage risk across global financial and commodity markets. A leader in
market data, ICE Data
Services serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New
York Stock Exchange, the company raises more capital than any other
exchange in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading “Key
Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 — Statements in this press release regarding ICE’s business
that are not historical facts are “forward-looking statements” that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE’s Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE’s Annual Report on Form 10-K for the year ended
December 31, 2017, as filed with the SEC on February 7, 2018.
SOURCE: Intercontinental Exchange
207 065 7804
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