GAZ-SYSTEM S.A. Launches Phase 2 of the FSRU Open Season Procedure

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The Open Season procedure for the FSRU Terminal consists of two phases. Phase 1 of the Open Season Procedure was launched in Q4 2021. Its objective was to obtain binding orders from the participants and their binding commitment to book FSRU Regasification Services under Phase 2 of the Procedure at an appropriate level. Phase 1 ended with the signing of an Order to Proceed (OtP) and GAZ-SYSTEM’s proceeding with implementation of the first phase of the project, i.e. commencement of design engineering, as defined in the General Terms and Conditions (GTCs).

Pursuant to the General Implementation Conditions – in view of the fact that within Phase 1 of the Procedure an OtP Agreement was concluded with a Participant who submitted a binding Order covering 100% of the FSRU Regasification Services provided by GAZ-SYSTEM S.A. under the Procedure - the commencement of the registration for Phase 2 of the Procedure shall depend on the submission of an Offer by that Participant covering an equivalent level of Regasification Services and the same period of provision of Regasification Services, i.e. the same Gas Years as in the Regasification Order, and on the conclusion with that Participant of a Regasification Agreement and a Regasification Order covering the specified level of Regasification Services.

First, GAZ-SYSTEM S.A. will call on that Participant to submit an appropriate Offer, to conclude a Regasification Agreement and a Regasification Order. The Participant should submit an Offer confirming the order proposed under the OtP Agreement no later than on 07.07.2023 by 5:00 PM hrs to the address: 
Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A.
ul. Mszczonowska 4,
02-337 Warszawa
followed by a submission of the copies (scans) of the documents referred to above within the aforementioned deadline to the following e-mail address:
openseason@gaz-system.pl

Submission of documents in electronic form is admissible only if all documents are signed with a qualified electronic signature.

GAZ-SYSTEM S.A. will proceed with the subsequent stages of Open Season Phase 2 Procedure and will make available to the entities concerned the Regasification Services that were not yet booked, in accordance with the provisions of Sections 12 - 15 of General Implementation Conditions, only in the event that no Regasification Agreement and Regasification Order covering 100% of the Regasification Services made available by GAZ-SYSTEM S.A. are concluded with the Participant referred to above in this Open Season Procedure.

GAZ-SYSTEM S.A. will provide the details of the actions undertaken, in particular about the commencement of the registration stage for Open Season Phase 2 sufficiently in advance. 

The purpose of the binding Open Season FSRU Procedure is to confirm the interest of market participants in the regasification capacity of the FSRU Terminal declared by submitting binding long-term orders for the FSRU regasification services that would justify the implementation of the FSRU development project by GAZ-SYSTEM S.A.

The new FSRU Terminal project envisages the construction of a Floating Storage Regasification Unit capable of offloading LNG, process storage and regasification of LNG in the area of Gdańsk. The FSRU terminal is to be designed to perform regasification of 6.1 bcm of gaseous fuel per year. The FSRU regasification services will be provided on condition of positive Final Investment Decision made by GAZ-SYSTEM S.A. and the completion of the investment project by the assumed deadline of 1 January 2028.

Concurrently to the implementation of Phase 2 of the Procedure, GAZ-SYSTEM S.A. is undertaking activities with a view to preparing for the implementation of the Project.
 

The details of the Open Season Procedure are set out in the General Implementation Conditions of the  FSRU Open Season Procedure and the following appendices there to: 


* The General Conditions and appendices hereto were prepared in Polish and English. English version of the documents is provided only for information. In case of discrepancies between documents in Polish or English, Polish version prevails.

More information is available at Current consultations (EN).