Update on PRISMA long term Physical Reverse Flow products
14 June 2022
The current turmoil in the UK and European gas markets has created an unstable and unpredictable situation with market signals in relation to the NBP and TTF spreads. These increases in market price volatility are likely to continue for the upcoming winter period.
As a result, to enable BBLC to release capacity in line with the physical capabilities of the BBL pipeline, provide an economical and efficient pipeline system and provide the most efficient service to the market, BBLC will in the near future not be offering certain Reverse Flow capacity products, primarily for longer term periods, which might create long term commitments for BBLC for Reverse Flow and Forward Flow products at the same time.
This means that BBLC will not offer the yearly Reverse Flow capacity products starting the gas year October 2022 and beyond. BBLC will also not offer quarterly or monthly Reverse Flow capacity products with a runtime between 1 October 2022 to 1 April 2023. Instead, from 1 October 2022, BBLC will inform the market on a daily basis whether or not to offer a reverse flow product for the next gas day(s). By doing so, BBLC will endeavour to facilitate the market with Reverse Flow capacity in Q4 2022 and Q1 2023.
The available long term PRF capacity on PRISMA will be adjusted accordingly, these changes will not apply to the availability of Forward Flow capacity products.