GAZ-SYSTEM S.A. completed the first phase of binding Open Season FSRU procedure.

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The first phase of binding Open Season FSRU procedure confirmed the interest of market participants in the regasification capacity of the FSRU Terminal.

In Q4 2021, GAZ-SYSTEM launched the Open Season procedure for the FSRU Terminal in Gdańsk area. The goal of Phase 1 was to obtain binding Orders from the Participants in order to assess the expected scale of the investment and its competitiveness and to oblige Participants to make binding reservation of regasification capacity at an appropriate level in Phase 2 of the procedure.
 
The project is aimed at the development of a Floating Storage Regasification Unit (FSRU) in the Gdansk area, with the capabilities required for LNG unloading, in-process storage and regasification. The FSRU Terminal  is to be design to carry out regasification processes at the level of 6.1 bcm of gaseous fuel per year. FSRU Regasification Services will be made available if GAZ-SYSTEM takes a positive Final Investment Decision and implement the Investment within the assumed time - January 1, 2028.
 
GAZ-SYSTEM analyzed the documents provided by the Participants of Procedure and assessed that the total scope of Regasification Services requested in the Orders is sufficient to start the implementation of the first stage of the project, i.e. to commence the design phase of the project (subject to a positive Initial Investment Decision). Taking into account provisions of the General Implementation Conditions, GAZ-SYSTEM is obliged to make the Initial Investment Decision within 12 months from signing the Order to Proceed Agreement.

In 2022, the LNG Terminal in Gdansk area was included on the fifth list of projects that were granted the status of Project of Common Interest (PCI) in line with Regulation 347/2013 on guidelines for trans-European energy infrastructure. The list of PCI projects includes crucial infrastructure projects designed to improve security in the European energy market. The projects must also contribute to the implementation of EU Climate and Environmental Policy. More information available on the GAZ-SYSTEM`s PCI website.