GAZ-SYSTEM S.A. has signed virtual reverse flow agreements with three companies
GAZ-SYSTEM S.A. has concluded three agreements for the performance of long-term reverse flow services (referred to as virtual reverse flow) as a result of available capacity allocation procedures conducted for the Polish section of the Yamal pipeline.Agreements have been signed with the following companies:
ENTRADE Grupa Sp. z o.o from 1 January 2012 to 31 October 2015
PGNiG S.A. (Polish Oil and Gas Company) from 01 January 2012 to 31 December 2015, and
KRI MARKETING AND TRADING SA from 01 January 2013 to 31 December 2015
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The Gas Transmission Operator GAZ-SYSTEM S.A. is a strategic Polish Company responsible for natural gas transmissions throughout Poland. The Company manages assets worth approx. 5 bn PLN comprised mainly of elements of the transmission system, e.g. more than 9.7 thousand km of high pressure pipelines, 15 compressor stations, 56 hubs and 970 exit points. The Company employs over 2,000 persons.
GAZ-SYSTEM S.A. will build over 1,000 km of new gas transmission pipelines by 2014. The most important will be in north-west and central Poland (Szczecin–Lwówek, Świnoujście–Szczecin, Szczecin–Gdańsk, Włocławek–Gdynia, Rembelszczyzna–Gustorzyn, Gustorzyn-Odolanów) and in Lower Silesia (Polkowice–Żary, Jeleniów–Dziwiszów). The development of the gas transmission networks in Poland may constitute an important element of the North - South Gas Corridor connecting the LNG terminal in Świnoujście with the planned Adria LNG terminal with the aid of the transmission infrastructure of Central European countries.
GAZ-SYSTEM S.A. is also developing gas pipelines in Lower Silesia, which will enable the off-take of increased amounts of gas from the western direction. Once the development of the system has been completed in 2011, it will be possible to transport up to 1.5 bcm of gas annually (current capacity amounts to 0.9 bcm of gas annually) via the Lasów point on the Polish-German border.
In 2011, GAZ–SYSTEM S.A. completed the construction of the Włocławek–Gdynia gas pipeline, the gas compressor station in Goleniów and the gas compressor station in Jarosław. The Company has also opened the new Poland - Czech Republic interconnector, which will enable the transmission of approx. 0.5 bcm of gas annually.
Contact:
Małgorzata Polkowska
Rzecznik prasowy GAZ-SYSTEM S.A.
tel. (22) 22-01-755, 691-911-217
e-mail: pr@gaz-system.pl
www.gaz-system.pl
