Open Season completed for Vojany-Užhorod pipeline

Slovak gas transmission operator Eustream has finalised the evaluation of the Open Season procedure for the Vojany-Užhorod pipeline.

As part of the market survey for gas transmission via the Vojany-Užhorod pipeline a number of shippers have expressed their interest and submitted their binding bids to Eustream.

Eustream has evaluated the Open Season as successful. The results have confirmed the market interest in gas transmission through the Vojany-Užhorod pipeline in the direction towards Ukraine.

The Open Season

The Open Season procedure was launched on 26 May 2014 in accordance with the Memorandum of Understanding signed between the Slovak company Eustream and the Ukrainian company Ukrtransgaz on 28 April 2014 in Bratislava in presence of both countries’ Prime Ministers and leading representatives of European Commission.

Registered participants had the opportunity to place binding offers for gas transmission capacities in direction to Ukraine until 27 June 2014.

What happens next

On the grounds of the successful of the Open Season, Eustream will continue to implement the Memorandum of Understanding and commissioning of Vojany pipeline.

Eustream has officially declared that the Open Season procedure has ended. The newly established interconnection point, Budince, with its exit capacity shall be added to the other existing interconnection points of Eustream’s network and shall be offered to the market at standard and non-discriminatory conditions.

The interconnection of Slovakia and Ukraine by means of the newly established interconnection point – Budince - in the vicinity of the existing interconnection point Velké Kapušany shall facilitate new opportunities for gas transmission and bolster cross-border trade.

Edited from source by Elizabeth Corner

Read the article online at: https://www.worldpipelines.com/business-news/03072014/open_season_completed_for_eustream_pipeline/