Open Season FSRU

CHANGE OF THE OPEN SEASON PROCEDURE SCHEDULE – PHASE 1

Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A. – on the basis of article 7.3.1 General Implementation Conditions for the FSRU Open Season Procedure –  has decided to change the date for placing orders in the Open Season Procedure (Phase1: Order-to-Proceed). New date is set to March, 31 2022. The other deadlines i.e. registration, announcement of the results of Phase 1 of the Procedure and concluding agreements stay the same.

DATE

Procedure Stage

29.11.2021

Start of the Open Season – phase 1

Four (4) weeks after the start of the Procedure

Registration

31.03.2022

Order placement

Max three (3) weeks after the end of the order placement stage

Announcement of the results of Phase 1 of the Procedure

10 working days after  receiving the contract from GAZ-SYSTEM S.A.

OtP execution

Max 12 months after OtP execution

Preliminary Investment Decision (PID)

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Due to questions that have arisen regarding the Registration Form submission process, the Operator informs that the following courses of action in the Registration Form submission process are allowed:

Option 1

The Registration Form and all documents accompanying it are signed by persons authorized to representation indicated in the National Court Register (in accordance with the rules of representation). In the case of documents not presented in the original version, they should be certified for conformity by persons authorized to representation indicated in the National Court Register (in accordance with the principles of representation).

Option 2

The Registration Form and all accompanying documents are signed by persons authorized to representation indicated in the National Court Register (in accordance with the principles of representation) or by an attorney who has an appropriate power of attorney signed by persons authorized to representation indicated in the National Court Register (in accordance with the principles of representation). In such case, if any documents are not submitted in original version, they should be certified for conformity by persons authorized to representation indicated in the National Court Register (in accordance with the principles of representation) or by this proxy. The Operator prefers a uniform approach to all documents.

At the same time, the Operator informs that in order to be consistent with the provisions of the General Implementation Conditions of FSRU Open Season Procedure, Appendix no. 1 - Registration Form (template) has been modified.

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GAZ-SYSTEM S.A. invites all interested parties to take part in the first phase of binding Open Season FSRU procedure.

The binding Open Season FSRU procedure is aimed at verifying the interest of market participants in the regasification capacity of the FSRU Terminal by submission of binding long-term orders for the use of FSRU regasification services, which will justify the implementation of the indicated project by GAZ-SYSTEM.

The project is aimed at the development of a Floating Storage Regasification Unit (FSRU) in the Gdansk area, with the capabilities required for LNG unloading, in-process storage and regasification. The FSRU Terminal  is to be design to carry out regasification processes at the level of 6.1 bcm of gaseous fuel per year. FSRU Regasification Services will be made available if GAZ-SYSTEM S.A.  takes a positive Final Investment Decision and implement the Investment within the assumed time - January 1, 2028.

The procedure consists of two phases. The goal of Phase 1 is to obtain binding Orders from the market Participants in order to guarantee the reservation of regasification capacity at an appropriate level in Phase 2, planned in Q2 2023. Submitted Orders will allow GAZ-SYSTEM to commence the design phase of the LNG Terminal.

Upon completion of Phase 1, GAZ-SYSTEM will assess whether the total scope of Regasification Services proposed in the Orders is sufficient to start the project implementation.

The details of the procedure are set out in the General Terms and Conditions of the FSRU Open Season Procedure and its appendices.

OPEN SEASON PROCEDURE SCHEDULE – PHASE 1

DATE

Procedure Stage

29.11.2021

Start of the Open Season – phase 1

Four (4) weeks after the start of the Procedure

Registration

Four (4) weeks after the end of the registration stage

Order placement

Max three (3) weeks after the end of the order placement stage

Announcement of the results of Phase 1 of the Procedure

10 working days after  receiving the contract from GAZ-SYSTEM S.A.

OtP execution

Max 12 months after OtP execution

Preliminary Investment Decision (PID)

Market participants which are interested in participation in the Open Season FSRU procedure should submit the registration documents until 27th of December 2021, 17:00 in writing to the following address:

Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A.
Mszczonowska 4, 02-337 Warsaw

together with a scan of these documents to the following e-mail address:

openseason@gaz-system.pl

It is allowed to submit the documents only in electronic form only in the case of a signature all of the documents with a qualified electronic signature.

DOCUMENTS*

General Implementation Conditions for the FSRU Open Season Procedure

Appendix 1: Registration Form (template)

Appendix 2: Order Form in Phase 1 of the Procedure (Investment assurance Order (template)

Appendix 3: Draft OtP Agreement

Appendix 4: Bank guarantee for the Phase 1 of the Procedure (template)

Appendix 5: Offer Form in Phase 2 of the Procedure (template)

Appendix 6: Draft of Regasification Agreement FSRU and Regasification Order FSRU

Appendix 7: Bank guarantee for the Phase 2 of the Procedure (template)

Appendix 8: FSRU Service Delivery Model

Appendix 9: Tariff calculator

Appendix 10: GDPR clause

 

* The General Conditions and appendices hereto were prepared in Polish and English. English version of the documents is provided only for information. In case of discrepancies between documents in Polish or English, Polish version prevails.

In 2020, the LNG Terminal in the Gdansk area was included in the list of projects that were granted the status of Project of Common Interest (PCI) in line with Regulation 347/2013 on guidelines for trans-European energy infrastructure. On 19 November 2021, the European Commission adopted the draft fifth list of PCI project that includes the LNG Terminal in the Gdansk area. The list of PCI projects includes crucial infrastructure projects designed to improve security in the European energy market. The projects must also contribute to the implementation of EU Climate and Environmental Policy. More information available on the GAZ-SYSTEM`s PCI website.

CONTACT:

Mr Szymon Grunwald: Szymon.Grunwald@gaz-system.pl

Mrs Marta Orczyk: Marta.Orczyk@gaz-system.pl


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