Almacenamiento Virtual de Balance
The virtual balancing storage (AVB) comprises the set of underground gas storages (UGS) of the Spanish gas system.
In the AVB, gas title transfer with physical delivery products are traded:
- Intraday (with same day delivery).
- Daily D+1
These products are settled in MIBGAS Derivatives, which acts as counterparty.
The virtual balancing storage (AVB) is the virtual trading point of the gas located in the underground storage facilities (UGS) of the Spanish gas system.
Spain has four underground natural gas storage facilities (Serrablo, Gaviota, Yela and Marismas) and the gas in them is traded at a single virtual trading point (AVB); so that, during trading, gas is bought or sold anonymously and without restrictions, regardless of its physical location.
To trade natural gas products on the AVB it is necessary to be registered in MIBGAS Derivatives.
The process to register in MIBGAS Derivatives is very simple and, as in MIBGAS, agents may participate in the market directly or through a representative.