PGNiG orders regasification at planned LNG terminal in Gdansk Bay

PGNiG has placed an order for regasification services at the planned LNG terminal in the Gulf of Gdansk, the company said on Wednesday. According to the current plan, the floating FSRU terminal is to be launched at the beginning of 2028.

PGNiG said in a release that the company has placed an order under Phase 1 of the Open Season procedure for the FSRU, conducted by gas transmission system operator Gaz-System.

Open Season is aimed at verifying the interest of market participants in regasification capacity by obtaining binding orders for long-term use of regasification services. The procedure consists of two phases. The objective of Phase 1 is to obtain binding orders and to conclude Order to Proceed agreements, which will allow taking an initial investment decision and initiating Phase 2.

Upon completion of Phase 1, Gaz-System is to assess whether the level of regasification services requested in the submitted orders is sufficient to proceed with the project.

In Phase 2, planned by Gaz-System for the second quarter of 2023, the reservation of regasification capacity takes place.

As reminded by Gaz-System, the subject of Open Season is to launch a floating FSRU in the Gdansk region, capable of unloading, storing and regasification of LNG and to conduct the regasification process at the level of up to 6.1 bcm of gas per year. The date assumed by the operator to launch the terminal and make regasification services available is 1 January 2028.



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