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Annual auctions highlight demand for LNG, Azeri gas

  • Märkte: Natural gas
  • 07.07.26

Results from European annual gas transmission capacity auctions indicate market interest in using the Alexandroupolis LNG terminal and the Trans-Adriatic Pipeline as long-term routes for transporting gas.

Companies have booked all the capacity offered at the Amfitriti interconnection point — where sendout from the 4.3mn t/yr Alexandroupolis LNG terminal enters the Greek grid — for 2026-34. During the annual capacity allocation process, shippers reserved the full 4 GWh/d on offer for the 2026–27 gas year and the 29 GWh/d available for 2030–35. For the 2035–41 period, companies booked 23 GWh/d of the 29 GWh/d offered (see table).

The Alexandroupolis LNG terminal is part of the vertical gas corridor project, which aims to strengthen south-to-north gas flows across southeastern and central Europe and help replace Russian supplies from October 2027.

Firms also showed high interest in the Amfitriti Route 2 product, which enables the transfer of gas from the Greek grid to Ukraine, booking the full 7 GWh/d for 2026-27, and all available capacity for the subsequent periods, booking 2 GWh/d for 2027–29, 2.5 GWh/d for 2029–30, and 5 GWh/d for 2030–31. This is ahead of the planned introduction of long-term capacity, which was announced earlier this year.

Capacity was also booked at interconnection points further along the transportation route.

Long-term capacity bookings were secured at the Greek Nea Mesimvria interconnection point, which is used to transport Azeri gas through the 10bn m³/yr Trans-Adriatic Pipeline. Capacity reservations were 1 GWh/d for 2026–27, rising to 6 GWh/d for 2027–29 and peaking at 35.3 GWh/d for 2029–34, before declining to 5 GWh/d for 2034–41.

The Nea Mesimvria bookings may reflect expectations of higher Azeri exports to Europe. Azerbaijan committed in 2022 to increase its deliveries to the EU to 16bn–20bn m³/yr by 2027 under an agreement with the European Commission. Additional capacity could also become available after the June start-up of BP's Azeri Central East platform at the offshore Azeri–Chirag–Guneshli field.

Bookings were also made at the Oberkappel and Uberackern interconnection points on the German-Austrian border of 504 MWh/d and 4.4 GWh/d, respectively, for 2026-27, and 38.7 GWh/d and 51.6 GWh/d for 2027-28. Flows at these points were near technical capacity for most of the second quarter.

Annual grid capacity auctionsGWh/d
Route2026-272027-28 2027-292029-30 2030-31 2031-322032-33 2033-342034-35 2035-36 2036-37 2037-38 2038-39 2039-40 2040-41
Amfitriti 4.029.029.029.029.029.023.023.023.023.023.023.0
Baumgarten (AT/SK) 4.8
Murfeld (AT/SI)12.0
Nea Mesimvria1.06.06.035.335.335.335.335.35.05.05.05.05.05.05.0
Oberkappel (DE/AT) 0.538.76.2
Passo Gries (IT/AT)16.8
Uberackern (DE/AT)4.451.612.0
Amfitriti 2 (Amfitriti to Sidirokastro)7.42.02.02.55.0

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