Gas Transmission Operator GAZ-SYSTEM S.A., Polish gas TSO and the National Transmission Company (SNTGN) TRANSGAZ S.A., Romanian gas TSO, signed a memorandum of understanding.
By signing on the Memorandum, both Parties confirm their intention and commitment to take all actions to lay the foundation of a cooperation relationship and to identify opportunities to substantiate new lines of support.
The Memorandum supports cooperation between the Parties aimed at developing a unified approach towards implementation of strategic EU priorities in the field of security of natural gas supplies, market integration and sustainable development, in particular in relation to the EU Green Deal. Within the framework of Memorandum the Parties agreed to cooperate closely on the activities undertaken on the regional and EU level.
The Parties shall strive to ensure that the energy transition is implemented in both fair and cost effective manner allowing to achieve diversified and well-integrated energy market in the CEE & SEE region. The Parties are committed to strengthen the cooperation with regard to the natural gas & LNG markets, as these energy carriers will play a crucial role in the decarbonisation process in both Poland and Romania. Moreover, the companies shall also explore the potential for cooperation within the area of new gases and hydrogen, that will have a crucial impact for further functioning and development of national transmission systems in both countries.
SNTGN TRANSGAZ and GAZ-SYSTEM are committed to take further actions to make the MoU effective. Both Parties are convinced that bilateral cooperation within the framework of the MoU will be beneficial not only for involved countries but also for the CEE& SEE region.
The Memorandum of Understanding has been signed by the Management of both companies.