25.10.2013

Commercial summary of the 2013 gas year

In the shortened 2013 gas year, 47 customers benefited from natural gas transmission services through the national system. GAZ-SYSTEM S.A. transported 12.8 billion cubic metres / 158.4 TWh of gas.

In accordance with the Transmission Network Code, adopted by a Decision of the President of the Energy Regulatory Office of 24 July 2012, the 2013 gas year was shorter than standard: it exceptionally lasted nine months (from 1 January 2013 to 30 September 2013). The Company started it on principles which were adapted to European standards regarding the duration of the gas day (6.00 a.m. - 6.00 a.m.) and using the unit of energy (kWh) for commercial balancing.

The Code implemented a new model of contracting for services at GAZ-SYSTEM S.A.: the conclusion of the new transmission frame agreement boils down to formal registration, while the agreement can be expanded with capacity allocation and throughput allocation for specific entry and exit points at any time and according to the Customer’ needs. GAZ-SYSTEM S.A. concluded 98 such annexes in the 2013 gas year. The method of ordering gas distribution and storage services was also changed. Customers approach operators to provide services, while the technical cooperation between operators has been regulated anew in the interconnection agreements concluded between the Distribution System Operator and the Storage System Operator and GAZ-SYSTEM-S.A. This method of collaboration has proved to be more efficient and allows for a flexible response to the transmission needs of GAZ-SYSTEM S.A.’s customers.

The changes introduced onto the gas market in the preceding gas year are also affecting the development of natural gas trading on the gas exchange. The introduction of virtual points, which have separated the physical flows of gas from its commercial flow, has proved itself in practice. This is confirmed by the increase in the number of transactions concluded on the gas exchange (jointly up to 574 GWh in the 2013 gas year) and at the virtual OTC point (for mutual market transactions - to 15.26 TWh in the 2013 gas year). The Company is also receiving signs from Customers who are satisfied with the tool which enables the reduction of the imbalance by using the capacity at the virtual points. 

The changes introduced by GAZ-SYSTEM S.A. in the model of the gas market have resulted in an increase in Customer interest in transmission services. Overall, in the 2013 gas year, GAZ-SYSTEM S.A. provided the gas fuel transmission service through the national transmission system and the system of transit gas pipelines under 63 transmission agreements. GAZ-SYSTEM S.A. has also noticed an increase in the independence of large natural gas customers, who have partially or fully taken over the rights to capacity reserved to date for their suppliers. These entities are building their own dispatching and procurement competencies.
The Code has also introduced auction mechanisms, through which the capacity offered at the points in the system most willingly chosen by customers is objectively valued. GAZ-SYSTEM S.A. has conducted the first pilot sales of capacity connected with the Lasów intersystem point. The related product offered for 3 quarters of the 2013/2014 gas year enabled the simultaneous purchase of capacity in the transmission system of the German operator ONTRAS and in the National Transmission System. Four entities have benefited from this opportunity, including three from Poland and one foreign entity.

Overall, GAZ-SYSTEM S.A. transported 12.8 billion cubic metres /158,4 TWh of gas for its Customers, while the virtual reversal service and the new import opportunities at the Polish - German and Polish - Czech borders have enabled the import of gas into Poland from the west at a level of 2.44 billion cubic metres / 27.4 TWh of natural gas. 

The Gas Transmission Operator GAZ-SYSTEM S.A. started its new gas year on 1 October 2013. This gas year will last until the end of the gas day on 30 September 2014.


press release download: Commercial summary of the 2013 gas year

GAZ-SYSTEM plays a strategic role in the Polish economy. We are responsible for natural gas transmission and operate the most important gas pipelines in Poland. As part of the 2015-2025 investment programme, GAZ-SYSTEM plans to build over 2000 km of new gas pipelines in western, southern and eastern parts of Poland. Further development of the national transmission network, including the construction of new gas pipelines making part of the North-South Gas Corridor, as well as the construction of interconnections with the neighbouring countries, will strengthen Poland’s energy security and make an important contribution to the development of the European transmission system.

The Company is implementing one of the most important infrastructural projects in Poland – the Baltic Pipe project, which consists in the construction of a bidirectional offshore gas pipeline connecting Poland and Denmark and the expansion of the local transmission network.

GAZ-SYSTEM also owns Polskie LNG, the operator of the President Lech Kaczyński's LNG Terminal in Świnoujście.

 


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