PGNiG: PGNiG orders regasification services in FSRU Gdańsk Open Season procedure

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”, or the “Company”) announces that on March 30th, 2022, the Company submitted an order for regasification services in Phase 1 of the FSRU Open Season procedure carried out by the Transmission System Operator Gaz-System S.A. (“Gaz-System”).
The purpose of the FSRU Open Season is to gauge the level of market demand for the capacity of a Floating Storage Regasification Unit (FSRU) by soliciting binding orders for long-term provision of regasification services.
The project to which the FSRU Open Season relates will involve the deployment in the Gdańsk area of a FSRU vessel capable of unloading, storing and regasifying LNG and conducting the regasification process at the rate of up to 6.1 bcm of gaseous fuel per year. The provision of regasification services would commence on January 1st 2028 subject to a positive final investment decision being taken by Gaz-System and timely completion of the project.
The FSRU Open Season is to attract binding orders from participants in Phase 1 enabling entry into Order to Proceed agreements, which would be the basis for an initial investment decision and the start of Phase 2 of the procedure, involving allocation of the regasification capacity among the participants and a final investment decision.