05.10.2020

GAZ-SYSTEM amends the General Terms and Conditions of the Transmission Contract

The new General Terms and Conditions of the Transmission Contract will apply as of 1 November 2020. The amendments are aimed at increasing the protection of the interests of gas market participants and customers through reducing the risk of incurring imbalance costs in the transmission system.

The provisions of the new GTC have been adapted to accommodate the changes introduced by virtue of the decision of the President of the Energy Regulatory Office of 27 May 2020 on approving the “Mechanism ensuring cost neutrality of balancing measures of Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A.”.

The most important changes in the new GTC pertain to financial security and settlement rules. They include introduction of the minimum Financial Security amount of PLN 150,000 with respect to System Users holding Transmission Ability Allocation (PZ) under transmission contracts, and of the principle of increased Financial Security for resumption of transmission services.

Detailed information on the changes is available here.

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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