GAZ-SYSTEM and TRANSGAZ to Cooperate on Security of Natural Gas Supplies
Gas Transmission Operator GAZ-SYSTEM, Polish gas TSO, and the National Transmission Company TRANSGAZ, Romanian gas TSO, agreed to cooperate 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.
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 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 regarding the natural gas & LNG markets, as these energy carriers will play a crucial role in the decarbonization 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.
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.
GAZ-SYSTEM is a strategic company for the Polish economy. It is responsible for the transmission of natural gas, manages the most important gas pipelines in Poland and owns the President Lech Kaczyński LNG Terminal in Świnoujście.
As part of the 2015-2025 investment programme, GAZ-SYSTEM is constructing over 2000 km of new gas pipelines in the western, southern and eastern parts of Poland. Over a dozen new gas pipelines are under construction within the North-South Gas Corridor and the compressor station in Kędzierzyn Koźle, as well as interconnections with Lithuania and Slovakia. Onshore gas pipelines are planned to connect the planned FSRU floating terminal in the Gulf of Gdansk with the national transmission system. The LNG Terminal in Świnoujście is also being extended, as a result of which the regasification capacity of this facility will be increased by more than a half.
The company is also implementing one of the most important infrastructural projects in the country – the Baltic Pipe project which consists in the construction of a two-way offshore gas pipeline connecting Poland and Denmark, expansion of the local transmission network and three gas compressor stations.
