Overview
You will find attached below a presentation containing a detailed description of the LNG auction process as it applies to the LSOs, Elengy and Fosmax. Although there are commonalities, please be aware that DET LNG auctions operate differently, particularly with respect to the algorithm used for allocation.
Content
In the presentation, you will find a thorough explanation of the following processes:
1. How to request an assignment to Fosmax or Elengy.
2. How to place a bid in an Fosmax or Elengy auction.
3. How the Ascending Clock Algorithm works in Elengy and Fosmax LNG auctions.
NOTE: As mentioned above, the Ascending Clock Algorithm used in Elengy and Fosmax auctions differs from the one used in DET auctions. Furthermore, the Ascending Clock Algorithm for LNG capacity in general also differs from the Ascending Clock Algorithm for transport capacity.Furthermore, the Ascending Clock Algorithm for LNG capacity in general also differs from the Ascending Clock Algorithm for transport capacity.