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 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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