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 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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