With the positive result, capacity booking procedure for the Norwegian Corridor is finally confirmed. The corridor will bring natural gas from Norwegian continental shelf and the North Sea to Poland.
Under this procedure, PGNiG made a binding commitment for capacity booking for the period between 1 October, 2022 and 30 September, 2037. The underlying liability to be incurred over the 15 year period amounts to PLN 8.1 billion.
PGNiG is determined to make full use of the capacity booked in the future Norwegian corridor as a way to diversify its imports portfolio. Thanks to the positive result, gas transmission service contracts can be signed with Gaz System and Energinet - Danish and Polish transmission system operators. Contract signing is scheduled in the near future.
‘Now that we have positive results of economic tests for the Baltic Pipe, we are a step closer to achieving the strategic objective of diversifying gas supply routes and sources for Poland, especially as regards the imports of natural gas produced by PGNiG on the Norwegian shelf’, said Piotr Wozniak, President of PGNiG Management Board.
The economic test was focused on project viability; it was performed as part of the Open Season Procedure, in line with the requirements of the Network Code on Capacity Allocation Mechanisms in Gas Transmission Systems (the CAM NC Regulation). Test completion and announcement of results were overseen by Polish Energy Regulatory Office (ERO) and Danish Energy Regulatory Authority (DERA).
Read the article online at: https://www.worldpipelines.com/business-news/04122017/pgnig-baltic-pipe-testing-finalised/