REMIT reporting - LNG delivery
REMIT Reporting Database


 

In case of the importation or offloading of liquefied natural gas in any LNG facility (including flanges that connect the LNG vessel to the LNG terminal) as far as the delivery of the product takes place in the European Union:

 

- the contract is reportable to the ACER under the REMIT transactions and orders reporting rules.

 

- both parties to the contract are required to register for REMIT purposes with the relevant EU National Regulatory Authority.

 

Reload-contracts at a regasification terminal or at a vessel where the delivery of the product is not the European Union are not reportable.

 

Legal basis:

 

- Article 3(1) of the Commission Implementing Regulation (EU) No 1348/2014 

 

ACER's Questions and Answers on REMIT, Question III.3.36 (see box).

 

 

What constitutes delivery of LNG into the European Union?

 

Article 3(1) of the Commission Implementing Regulation (EU) No 1348/2014 provides a list of reportable contracts, according to which contracts in relation to the supply of electricity or natural gas with delivery in the European Union shall be reported to the Agency.

 

As far as liquefied natural gas (LNG) contracts are concerned, the Agency considers any importation or offloading of liquefied natural gas in any LNG facility (including flanges that connect the LNG vessel to the LNG terminal) as 'delivery in the Union' as far as the delivery of the product takes place in the European Union.

 

In the situation described above, assuming the delivery of the liquefied natural gas is in the European Union, both parties to the contract will need to register with the relevant National Regulatory Authority/ies as the contract is reportable to the Agency.

 

Reload-contracts at a regasification terminal or at a vessel where the delivery of the product is not the European Union are not reportable.

 

ACER's Questions and Answers on REMIT, Question III.3.36

 

 

 

 

 

Last Updated on Friday, 08 April 2016 09:39
 

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