02.04.2012

GAZ-SYSTEM S.A. progress report on the implementation of Global Compact principles

In July 2009, the Gas Transmission Operator GAZ-SYSTEM S.A. joined the Global Compact Initiative. In doing so, the Company committed itself to aligning its operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. We have the pleasure of presenting the third report on progress in the implementation of the Global Compact principles. We hope that the actions described in this document will be a manifestation of our determination in conducting responsible business policy that takes into considerations the needs and demands of employees, clients and other interested parties, and fostering a respect for the natural environment.  We will use our best efforts to ensure that our future initiatives will be fully compliant with the Global Compact Principles and values that we adopted as our own in the GAZ-SYSTEM S.A. Code of Ethics.

Please take the time to familiarise yourselves with the report (Polish).

Contact:
Małgorzata Polkowska
Spokesperson for GAZ-SYSTEM S.A.
Phone + 48 22 220 17 55,  mobile + 48 691 911 217
e-mail pr@gaz-system.pl

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GAZ-SYSTEM S.A. is joint organiser of the 10th International Gas Infrastructure Europe Conference, which will take place on 24 – 25 May 2012 in Cracow, Poland. The GIE Conference has for years been one of the most important and most prestigious events in the European energy sector and the first venue of this type to be organised in Poland.  The general theme of the event will be the role of natural gas as a clean and ecological source of energy for the future of economy in European Union states. More information about the Conference is available on the following website: http://www.gie.eu/index.php/annual-conference-2012-home

The Gas Transmission Operator GAZ-SYSTEM S.A. is a strategic company for the Polish economy responsible for natural gas transmissions throughout Poland. The Company manages assets worth approx. 5 bn PLN comprised mainly of elements of the transmission system, e.g. more than 9.7 thousand km of high pressure pipelines, 15 compressor stations, 56 hubs and 970 exit points. The Company employs over 2,000 people.

GAZ-SYSTEM S.A. will build over 1,000 km of new gas transmission pipelines by 2014. The most important will be constructed in North Western and Central Poland (Szczecin-Lwówek, Świnoujście-Szczecin, Szczecin-Gdańsk, Włocławek-Gdynia, Rembelszczyzna-Gustorzyn, and Gustorzyn-Odolanów), as well as in Lower Silesia (Polkowice-Żary, and Jeleniów-Dziwiszów). The development of the gas pipeline network in Poland may constitute an important element of the North – South Gas Corridor joining the LNG terminal in Świnoujście with the planned Adria LNG terminal and with the Nabucco gas pipeline with the aid of the internal transmission infrastructure of Central European countries.

In 2011, GAZ-SYSTEM S.A. completed the construction of the Włocławek-Gdynia gas pipeline, the gas compressor station in Goleniów, and the gas compressor station in Jarosław. The company has also started up the new Polish - Czech Interconnector which will enable the transport of approx. 0.5 bcm of gas annually.

GAZ-SYSTEM S.A. also developed gas pipelines in Lower Silesia, in order to enable the off-take of greater volumes of gas from the western direction. It is  possible to transport up to 1.5 bcm of gas annually (earlier capacity amounted to 0.9 bcm of gas annually) via the Lasów point on the Polish - German border.

The investments completed by GAZ-SYSTEM S.A. in 2011, along with the possibility of using virtual reverse flow services on the Yamal pipeline, have created the technical capability for the import to Poland of over 3.3 bcm of gas annually from new sources (approx. 30% of the current imports


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