New tariff to boost Belgium’s winter IUK gas exports

With the Zeebrugge Day-ahead basis projected to head deep into negative territory this gas winter, a revised commodity charge levied by British operator National Grid should act as a price incentive to send gas from Belgium to Britain.

The revised charge, which is levied on gas entering Britain at the Bacton entry point, will enter into force from 1 October. It provides further indication that Belgium could be a net exporter of gas to Britain for the first time in three gas winters.

ICIS takes a look at the what this new tariff will mean for gas flow between Belgium, a key transit market for northwest European gas, and Britain. 

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