In order to give full play to the comprehensive service capabilities of pipeline network facilities, meet the peak shaving demand caused by the unbalanced gas consumption of downstream users such as gas-fired power plants, and ensure the safe and stable operation of the natural gas pipeline network, the National Petroleum Pipeline Network Group Co., Ltd. (hereinafter referred to as the "National Pipeline Network Group") and the Shanghai Petroleum and Natural Gas Trading Center (hereinafter referred to as the "Shanghai Trading Center") plan to launch the "Peak and Valley Pass" product bidding transaction on April 19, 2024, and the relevant matters are hereby announced as follows:
1. Registration time
09:00 on April 3, 2024 - 17:00 on April 17, 2024.
2. Trading Hours
April 19, 2024, 10:00-11:00.
3. Product information
(1) Product definition
The "Peak Valley Pass" product refers to the natural gas peak shaving service carried out by the State Pipeline Network Group at the agreed download point and the agreed service cycle by using the natural gas pipeline network facilities, which mainly solves the problem of unbalanced gas consumption of downstream users such as gas-fired power plants.
During the service cycle, customers can extract and store subsequent storage according to their own needs, and can also store and extract later, and can be used multiple times, two-way, and recycling, but at the end of the service cycle, the extraction/storage gas volume needs to be zeroed.
"Fenggu Tong" products include daily, weekly, and monthly series. Among them, the daily and weekly series adopt the decentralized acceptance method on a first-come, first-served basis, and the monthly series adopts the market-oriented auction or listing acceptance method of the trading center. The online transaction through the Shanghai Exchange Center is the monthly series of "Peak Valley Pass" products.
(2) Product sellers
Shared Operation Branch of National Petroleum Pipeline Network Group Co., Ltd. (hereinafter referred to as "Shared Operation Branch").
(3) Product scale
The first batch of the monthly series of "Fenggutong" products is 12 million square meters.
(4) Service cycle
The monthly series of services for this transaction is from May 1 to May 30, 2024. Monthly auctions will continue to be held in the future.
(5) Service principles
It does not affect the safe operation of pipe network facilities, does not affect the normal performance of basic service contracts, carries out transactions and provides services fairly and justly, and meets the flexible use requirements of customers.
(6) Product rules
1. Product Content
The "Fenggu Pass" product includes two service links: storage and retrieval. Customers can store or extract natural gas within the allowable quota according to their needs to meet the unbalanced gas demand of peak and valley.
(1) The customer needs to clarify the download point and the corresponding peak shaving user. If the same customer submits multiple download point requirements, the quota cannot be adjusted between the download points, and if the same download point corresponds to multiple peak shaving users, the quota cannot be adjusted between the peak shaving users, and the corresponding quota of a single peak shaving user shall not be less than the minimum acceptance quota.
(2) The customer shall designate the natural gas pipeline service as the source of gas storage, and the designated pipeline service can be the customer's own pipeline transportation service or the pipeline transportation service of other shippers that have been agreed upon. If there is no pipeline service available, it is necessary to apply for and sign a separate supporting natural gas pipeline service, and the pipeline service specially used for the gas storage function of the "Fenggu Pass" product can be exempted from the non-negotiable fee. In the natural gas storage link, the amount of pipeline transportation services is not limited when the remaining capacity of the pipeline network facilities allows.
2. Use of Products
(1) The customer shall carry out natural gas extraction and storage services by designating the date of submission. The allowable usage quota for the first withdrawal or storage is the purchased service quota, and the allowable usage quota for subsequent withdrawals or storage is calculated as follows:
Allowable quota for gas extraction = quota of purchased services + cumulative amount of gas storage - cumulative amount of gas extraction
Allowable use of stored gas = purchased service quota + cumulative amount of gas lifting - cumulative amount of gas storage
(2) According to the actual amount of gas extracted and stored by the customer, the quota is allowed to be updated daily. Within the allowable use quota, it can be used multiple times, in both directions, and in a recycled manner.
(7) Charging mode
1. Peak shaving service fee
The unit price of the monthly series of peak shaving service fees of the "Fenggu Pass" product is determined by the market-based auction, and the reserve price of the auction is 0.20 yuan per square meter (including tax, the same below). After the auction ends, if there is still a remaining quota, it can be listed on the trading center and the customer can pick up the order on demand, and the service price will be executed at 1.2 times the highest price of the latest auction transaction price of the series of products.
2. Overage Fees
When the actual usage exceeds the allowable usage limit, the customer needs to pay the excess usage fee of 0.1 yuan per square meter per day.
3. Payment Methods
After the contract is signed, the peak shaving service fee shall be paid in full at one time, and the performance guarantee shall be paid in the form of a deposit or letter of guarantee. Peak shaving service fee amount = unit price of peak shaving service fee × peak shaving service amount obtained from auction, performance bond or letter of guarantee = peak shaving service amount obtained from auction × natural gas price index of the previous day ×corresponding to 120% on the day of purchase. Among them, the natural gas price index = MAX (CIF price of China's imported spot LNG× exchange rate ×1.09÷27.3,6 yuan/square). The peak shaving service fee, performance bond or letter of guarantee shall be paid to the seller within 7 working days after the end of the auction picking.
(8) Temperament requirements
The delivery of natural gas shall comply with the Class I natural gas standard in the GB17820 of the national standard of the People's Republic of China "Natural Gas".
Fourth, the trading session information
Through the trading system of the Shanghai Exchange Center, you can enter the bidding session of "Auction Trading" - "Gas Storage Service" - "Peak Valley Pass" Product Monthly Series.
Note: For other unfinished matters, please refer to the pending order information of the trading system for details, please log in to the trading system in advance to check carefully.
5. Trading qualifications
(1) The buyer must meet the following conditions:
1. Qualified shippers of the National Pipeline Network Group. When a gas-fired power plant is registered as a shipper for peak shaving, its power business license can be used as a relevant qualification license;
2. During the period of accepting the services of the National Pipeline Network Group, there is no record of major breach of contract;
3. It is agreed that the peak shaving user is the downstream direct supply user of the State Pipe Network Group;
4. Must be a member of a domestic dealer of the Shanghai Exchange and have completed the third-party depository contract of the bank;
5. It should have a complete system and team for natural gas trading, settlement, settlement and risk management;
6. They should have a good credit record, including but not limited to no major breach of contract, not being on the list of judgment defaulters, etc.
(2) Apply for registration
Enterprises interested in participating in the transaction should send the scanned copy of the attached "Fenggu Pass Transaction Registration Form" (with official seal) to the following mailbox: [email protected].
The deadline for registration is 17:00 on April 17, 2024.
(3) Notification of shortlisting
After receiving the application form of the enterprise, the State Pipe Network Group and the Shanghai Exchange Center shall carry out the qualification review according to the chronological order of submission, and send the shortlisted notice and electronic contract template and other materials by email before 20:00 on April 17, if there are some differences between the contract terms and this announcement, the contract terms shall be implemented. Enterprises that have received the shortlisted notice are requested to participate in the trading on time in the trading system of the Shanghai Exchange during the trading hours announced in this announcement.
6. Service Contract
The shared operation branch shall sign the service contract with the customer as the main body, and clarify the rights, responsibilities and obligations of both parties during the service cycle.
7. Transaction service fees and margins
Dealer members participating in the transaction are required to make a deposit in advance and transfer the funds to the corresponding transaction settlement account to ensure that the available balance of the transaction settlement account is sufficient.
(1) Transaction service fees
Customers who successfully participate in order extraction shall pay the transaction service fee to the Shanghai Exchange at the rate of 2‰ of the transaction amount (transaction transaction amount = transaction peak shaving service fee, unit price × transaction service capacity limit).
(2) Transaction margin
Before 15:00 on April 18, the customer must pay the transaction margin to the Shanghai Exchange according to 10% of the transaction amount of the intention to trade (the transaction amount of the intention to trade = the unit price of the intended peak shaving service fee × the amount of the intended service capacity).
(3) Performance bonds
After the transaction is completed, the buyer's transaction deposit will be automatically released and can be withdrawn, and if the buyer who has reached the transaction has submitted the performance bond or letter of guarantee to the State Pipe Network Group according to the term and amount agreed in the contract, the buyer's transaction deposit will be unfrozen and the buyer can withdraw the money after the State Pipe Network Group sends an email to the Shanghai Exchange Center.
After the completion of the online transaction, if the buyer fails to submit the performance bond or letter of guarantee to the State Pipe Network Group within the time limit and amount agreed in the contract, the buyer's transaction deposit shall be paid by the Shanghai Exchange Center to the State Pipe Network Group as liquidated damages for the "Fenggu Pass" product and service contract, as specified in the contract.
8. Settlement and Settlement
After the transaction is completed, the trading system will automatically generate the electronic contract of the "Fenggu Pass" product. In accordance with the electronic contract, the two parties to the transaction shall carry out service delivery and fee payment offline.
9. Preparation for trading
(1) Customers who have opened an account
If you have opened an account, please refer to the website (https://www.shpgx.com) - Download Area of Shanghai Trading Center to download the latest trading system client and familiarize yourself with the trading system according to the operation manual. The URL is https://www.shpgx.com/html/download/.
(2) Customers who have not opened an account
1. Registration. Log in to the official website of the Shanghai Trading Center - Member Center - Member Registration, fill in the registration information, and track the approval progress.
2. Account binding and deposit. Select a bank account to sign a contract and deposit funds into the system to ensure that the amount of margin and service fee is sufficient. For the deposit and withdrawal tutorial, please log in to the official website of the Shanghai Trading Center - Market Entry Guide - Operation Guide, and complete the bank account signing and deposit according to the operation tutorial to ensure that the balance of the trading account is sufficient to pay the transaction margin and service fee.
This event adheres to the principles of fairness, impartiality and openness, and the right to interpret the event belongs to the State Pipe Network Group and the Shanghai Exchange Center. For more information, please call:
National Pipe Network Group:
张泽 15810077815；
陶鹏 15969719088。
Shanghai Trading Center:
王乐闻 18602183687。
Attachment: "Peak and Valley Pass" transaction registration form
Shanghai Petroleum and Natural Gas Trading Center Co., Ltd
April 2, 2024
Source of this article | Shanghai Petroleum and Natural Gas Trading Center
本文作者 | PNG交易部