07.04.2021

Merger of GAZ-SYSTEM and Polskie LNG

On March 31, 2021, the companies merged pursuant to Article 492 § 1.1 of the Code of Commercial Companies.

The main objective of the integration process carried out by GAZ-SYSTEM is to increase the efficiency of the management of investment processes, which were carried out separately by the companies until the merger.

The existing undertakings and activities of Polskie LNG S.A. will be continued by GAZ-SYSTEM as the legal successor of Polskie LNG.

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.

 


Copyright © 2016 Gas Transmission Operator GAZ-SYSTEM S.A. All rights reserved.