GAZ-SYSTEM launches FSRU 2 Open Season Procedure

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The results of the non-binding procedure to identify the demand for additional regasification capacity of the FSRU Terminal in the Gulf of Gdańsk conducted by GAZ-SYSTEM in March 2023 showed significant interest of the market participants in increasing the regasification capacity of the FSRU Terminal and gas exports in the region, therefore a decision was made to  launch a binding Open Season procedure for FSRU 2.

Until now, the project planned by GAZ-SYSTEM assumed construction of the Floating Storage Regasification Unit (FSRU) Terminal, ready for regasification of gaseous fuel at the level of 6.1 bcm/a, in Gdańsk area. As announced by GAZ-SYSTEM, Phase 2 of the Open Season Procedure for the aforementioned project resulted in receiving an Offer covering 100% of the Regasification Services. The Open Season procedure shall be completed in accordance with the General Implementation Conditions of the FSRU Open Season Procedure.

In view of the above, GAZ-SYSTEM has  formally launched a new Open Season procedure aimed to increase the regasification capacity of the FSRU Terminal (FSRU 2). The FSRU 2 Terminal Project assumes locating a second FSRU in Gdańsk area, in the vicinity of the FSRU covered by FSRU  Open Season procedure, that would be capable of LNG offloading, process storage and regasification at the level of 4.5 bcm/a of gaseous fuel per year.  

The objective of FSRU 2 Open Season procedure is to confirm the demand for additional regasification capacity through the interested market participants’ submission of binding, long-term offers for FSRU 2 regasification services, thus justifying GAZ-SYSTEM's commencement of the implementation of the aforementioned project.

In order for FSRU 2 Open Season procedure to be conducted in a transparent and non-discriminatory manner, in accordance with the applicable law, GAZ-SYSTEM has published in the first phase of FSRU 2 Open Season procedure, for consultations with all the interested market participants, documents regulating FSRU 2 Open Season procedure: General Implementation Conditions of FSRU 2 Project and rules for conducting FSRU 2 Open Season procedure. The second phase of the procedure will consist in collecting from the Participants binding Offers for Regasification Service at the Terminal  within the scope covered by FSRU 2 Open Season, thus allowing GAZ-SYSTEM S.A. to make a positive Final Investment Decision, i.e. the decision to implement the investment project.

All interested market participants are invited to provide their feedback and comments, related to the assumptions for the implementation of the investment project and documents governing FSRU 2 Open Season procedure, using the Remarks Questionnaire available under the Current Consultations tab, no later than 04.08.2023, 16:00 (CET), to the following address: openseason@gaz-system.pl.

More information is available under the CONSULTATIONS ARCHIVE tab.

More information on the Project can be found under the INVESTMENT PROJECTS tab.