25.07.2017

A Positive result of Open Season 2017 Phase 1

A Positive result of Open Season 2017 Phase 1 – Energinet and GAZ-SYSTEM will continue the Baltic Pipe Project activities

The Phase I of the Open Season 2017 for the Baltic Pipe project has showed the interest in realization of the Baltic Pipe Project and confirmed the sufficient demand for gas transportation from the North Sea through Denmark and the Baltic Sea to Poland. Based on evaluation of the results of the Phase I of the Open Season 2017 initiated in June, Danish and Polish gas transmission system operators, Energinet and GAZ-SYSTEM, will now continue the next activities for implementation of the Baltic Pipe.

Both TSO’s will now proceed with the necessary technical, environmental and economic studies and surveys in order to be able to initiate the construction of the gas pipeline if a positive in-vestment decision is taken in 2018.

The next milestone in the Baltic Pipe Project is the initiation of the second, binding phase of the Open Season 2017, which will be launched on September 5, 2017. As a result of this phase, the shippers are expected to commit finally to 15-year contracts for capacity.

GAZ-SYSTEM
Energinet

Read also the news about initiation of the Open Season from June 2, 2017

Contact

ENERGINET
Sofie Leweson, SLE@energinet.dk, +45 30 67 47 03

GAZ-SYSTEM
Mr Adam Marzecki, adam.marzecki@gaz-system.pl, +48 22 220 17 07
Ms Agnieszka Ozga, agnieszka.ozga@gaz-system.pl, +48 22 220 17 50

FACTS

What is Open Season?

A bidding process whereby Energinet.dk and GAZ-SYSTEM S.A. invite companies in the gas market to submit bids for capacity in Baltic Pipe. The companies must submit financially binding bids and thereby acquire capacity – to transport gas through the pipes – for 15 years. The Open Season procedure aims to determine whether – as the preliminary analysis shows – the connection is financially viable.

READ MORE
ENERGINET: Baltic Pipe Project
GAZ-SYSTEM

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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