17.08.2021

GAZ-SYSTEM launches market consultation on the Open Season procedure for the FSRU Terminal

On the 17th of August 2021 GAZ-SYSTEM has launched market consultations on the Terms & Conditions of the Open Season procedure for the FSRU Terminal, as well as of all documents necessary to carry out the procedure.

The key aim of the Open Season procedure is to confirm the demand for new regasification capacities, and to collect clear signals from the market participants on the realisation of the investment. Phase 1 of the Open Season procedure for the FSRU Terminal is planned for October 2021, while the Phase 2 and the conclusion of the Regasification Agreements resulting therefrom should take place in 2022.

In connection with the launch of market consultations, GAZ-SYSTEM foresees at least one open meeting with market participants in the first half of September to provide information on the planned investment and the FSRU Terminal Open Season procedure. Information about the date and form of the meeting will be posted on the website.

GAZ-SYSTEM invites market participants, operators of adjacent transmission systems and respective regulatory authorities to participate in market consultations of the Open Season procedure documents. The submission of comments and remarks concerning the assumptions for the implementation of the investment, as well as documents regulating the course of the Open Season procedure, is open at the latest until September 13, 2021, 4:00 p.m. (CET) via the Comments Questionnaire available in the tab.

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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