30.01.2018

Baltic Pipe: Signing of Capacity Agreements completes the 2017 Open Season procedure for the Baltic Pipe project

A positive result of the Economic Test together with the fulfilment of the other conditions set forth in the Open Season 2017 Rules allowed both TSO’s, i.e. GAZ-SYSTEM and Energinet to enter into the Capacity Agreements with the Market Participants to whom the capacity of the Baltic Pipe Project was allocated.

Having the above in mind, in January 2018 the relevant OS 2017 Capacity Agreements were concluded.
 
The total booked capacity is as follows:
• NorthSeaEntryPoint(NO->DK): 10 600 MWh/h
• Entry Point Baltic Pipe (DK->PL) and Exit Point Baltic Pipe (DK->PL): 10 600 MWh/h
• Entry Point Baltic Pipe (PL->DK) and Exit Point Baltic Pipe (PL->DK): 0 MWh/h

It should be noted that 10 per cent of the planned technical capacity has been reserved for short-term products.

It is expected that the remaining technical capacity of the aforementioned points will be offered as part of regular auctions conducted by Energinet and GAZ-SYSTEM in accordance with the NC CAM regulation.
(Commission Regulation (EU) 2017/459 of 16 March 2017 establishing a network code on capacity allocation mechanisms in gas transmission systems and repealing Regulation (EU) No 984/2013).


In accordance with the drafts published within the OS 2017 procedure, the OS 2017 Capacity Agreements define the terms and conditions of gas transmission services and became effective upon signature by all Parties. The Agreements shall remain in full force to the last day of providing the gas transmission services, i.e. for the 15 gas years from the date of commissioning of the Baltic Pipe.

At the moment both operators continue all project activities aiming at delivery of first gas in October 2022 if a positive investment decision is taken in 2018. The final investment decision to be taken in 2018 depends, among other things, on the fulfilment of the conditions precedent set out in the OS 2017 Capacity Agreements.

For more information concerning the Baltic Pipe project visit: www.baltic-pipe.eu and GAZ-SYSTEM i Energinet websites.

Gas Transmission Operator GAZ-SYSTEM S.A. is a strategic company for the Polish economy, responsible for the transmission of natural gas and the management of the most important gas pipelines in Poland. GAZ-SYSTEM S.A. is also the owner of Polskie LNG S.A., a company established to build the Świnoujście LNG terminal.
As part of its 2015-2025 investment scheme, GAZ-SYSTEM S.A. is planning to build over 2,000 km of new gas lines in western, southern and eastern Poland. Further expansion of the domestic transmission system, including construction of new gas pipelines being part of the North-South Gas Corridor, as well as construction of interconnections with Lithuania, Slovakia and the Czech Republic, will enhance Poland’s energy security and contribute considerably to the development of the European transmission system.
In 2009-2015, GAZ-SYSTEM S.A. completed an investment plan consisting in the construction of over 1,200 km of new gas transmission lines in north-western and central Poland. The projects implemented by the company and the physical and virtual reversal on the Yamal pipeline have translated into a significant increase in technical import opportunities on routes other than from the East.

 


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