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FAQs on transaction reporting – Question II.1.1.8

Are Virtual Gas Storage contracts reportable under REMIT?


Answer:

Insofar as virtual gas storage contracts are not contracts for the supply (or transportation) of natural gas, they are not reportable under REMIT.

However, contracts for the supply of natural gas within storage and LNG facilities are reportable contracts. For instance, when market participant A sells gas to market participant B within a storage or LNG facility, transferring the ownership of the gas, this is a reportable contract.

Last update: 16/02/2016   RSS_Icon Subscribe to this Page’s RSS