In 2014, we made a valuation of Gazprom storage – the virtual VHP-NCG storage offering. Gazprom is Russia’s largest natural gas exporter. With our gas storage modelling software KyStore, we performed an independent analysis of the value of Gazprom’s virtual storage.
Via an auction arranged by Store-x, Gazprom offers virtual gas storage lots connected to NCG. The key details of the auction are as follows: the auction itself is held on 18 February 2013. Secondly the storage period starts 1 April 2013 and ends 1 April 2014.
To summarize: KYOS values the storage at 177 000 € and 135 000 € per lot assuming a discount factor of 0 and 5%, respectively. Dividing by the working volume, this is 2.73 and 2.08 €/MWh.
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Would you also like to make your gas storage facility more profitable? Our gas storage modelling software makes this possible. KyStore supports traders and portfolio managers in natural gas markets. The gas storage optimization software raises revenues from gas storage trading operations, provides accurate valuations and reduces risk with adequate hedge recommendations. The model uses advanced stochastics including Least Squares Monte Carlo techniques to capture the full optionality in gas storage facilities.
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