The submission phase for binding offers in GAZ-SYSTEM’s FSRU 2 Open Season procedure has been closed
On 27 October, the submission phase for binding offers filed by Participants registered in the GAZ-SYSTEM's Open Season FSRU 2 procedure was closed.
The procedure did not result in GAZ-SYSTEM obtaining binding orders at a sufficient level to proceed with the implementation of the FSRU 2 project. Nevertheless, the interest in the regasification services declared by the Participants imply that discussions may be continued in the future.
Currently, the Company continues its efforts aimed at building the FSRU 1 Terminal in the Gdańsk area and designed to provide annual regasification capacity of up to 6.1 bcm of gaseous fuel. Following the Phase 2 of the Open Season Procedure completed in August, an Agreement covering 100% of the Regasification Services was signed and thus provided the business case for further development of the project.
The planned FSRU 2 project intended to provide additional annual regasification capacity of 4.5 bcm of gaseous fuel will be the subject of further analysis.
The hydroengineering infrastructure that will be built as part of the FSRU 1 Terminal project will also provide for the possibility of a second storage and regasification unit development if market demand for the FSRU 2 is confirmed in the future.
