26.02.2014

GAZ-SYSTEM S.A. invites to the quarterly product auction in the Point of Interconnection

GAZ-SYSTEM S.A., acting as the independent operator of the Polish section of the Yamal pipeline, kindly informs that organises the auction of quarterly product in the Point of Interconnection, that will be conducted according to p. 13.4.4. of TGPS TNC.

Point of Interconnection (PWP) is a point that comprises all the physical points located at the interconnection of the PolishTransmission System (KSP) with the Transit Gas Pipeline System (SGT) i.e. Lwówek and Włocławek.

 

THE DATE AND PRINCIPLES FOR THE AUCTION

The auction will be held on 3rd of March 2014.

  • The auction will cover boundled quarterly product (KSP and SGT)  from 1st of April to 1st of July 2014 on firm basis
  • Offered ability: 2 917 792 [kWh/h]
    (282 677 [m³/h] in accordance with the GOST norm, which is 263 365 m³/h in normal conditions)

 Auction Participants may be entities that:

- have signed a transmission agreement with GAZ-SYSTEM S.A. for Polish Transmission System and Transit Gas Pipeline System;
- until 28.02.2014, 12:00 submit the originals of attorneys for persons authorized to take part in the auction on the form available here PDF, DOC (ADDITIONALLY the scan of the power of attorney can be sent by e-mail at aukcje@gaz-system.pl );
- until 28.02.2014, 12:00 submit the original of Financial Security Statement on the form available here  PDF, DOC (ADDITIONALLY the scan of the Financial Security Statement can be sent by e-mail at aukcje@gaz-system.pl );
- until 28.02.2014, 16:00 obtain a login that authorises to participation in the auction platform on Information Exchange System;
- until 28.02.2014 have paid deposit in amount 1 500 PLN.

The deposit should be paid on following account number:

PL 94 1140 1977 0000 5803 0100 1031
SWIFT: BREX PLPW MBK
mbank II Corporate Branch in Warsaw

Deposit transfer title: "wadium" and the name of the entity.


All documents must be submitted in original and signed in accordance with representation authorities defined in the valid transcript from the National Court Register (please, inform us about any changes in the National Court Register of your company) and sent on:

                                              GAZ-SYSTEM S.A.
                                              Gas Market Division
                                              ul. Mszczonowska 4
                                              02-337 Warszawa


INFORMATION ABOUT THE AUCTION PLATFORM


The auction will be performed on the auction platform operated by GAZ-SYSTEM S.A. that is accessible via the Information Exchange System (IES), here.


All information about the auction platform is available in the IES user guide under, here.


Transmission System Users that have an access to the Information Exchange System do not need to open a new account in the system. GAZ-SYSTEM S.A. will grant them necessary rights to take part in the auction.
Transmission System Users that do not have an account in the system will have new accounts opened after they send all the above documents.


AUCTION RESULT

Information about the auction result will be submitted to Participants by e-mail at the latest two hours after the auction end.

 

 

GAZ-SYSTEM is a strategic company for the Polish economy. It is responsible for the transmission of natural gas, manages the most important gas pipelines in Poland and owns the President Lech Kaczyński LNG Terminal in Świnoujście.

As part of the 2015-2025 investment programme, GAZ-SYSTEM is constructing over 2000 km of new gas pipelines in the western, southern and eastern parts of Poland. Over a dozen new gas pipelines are under construction within the North-South Gas Corridor and the compressor station in Kędzierzyn Koźle, as well as interconnections with Lithuania and Slovakia. Onshore gas pipelines are planned to connect the planned FSRU floating terminal in the Gulf of Gdansk with the national transmission system. The LNG Terminal in Świnoujście is also being extended, as a result of which the regasification capacity of this facility will be increased by more than a half.

The company is also implementing one of the most important infrastructural projects in the country - the Baltic Pipe project which consists in the construction of a two-way offshore gas pipeline connecting Poland and Denmark, expansion of the local transmission network and three gas compressor stations.

 


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