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GTSOU and GAZ-SYSTEM Signed a Memorandum of Cooperation

GTSOU and GAZ-SYSTEM Signed a Memorandum of Cooperation

16.03.2023 00:00

The Gas Transmission System Operator of Ukraine (GTSOU) and the Polish company GAZ-SYSTEM signed a Memorandum of Cooperation, according to which the parties declared that they would explore the usage of LNG, gas storages’ and gas transportation systems’ capacities to enhance the energy security in the region.

As the press-center of the Polish TSO operator reported, the signing procedure took part on March 16, 2023.

“This Memorandum of Cooperation will provide grounds for further formal actions towards integration of gas markets of Poland and Ukraine. It will define areas of collaboration between the two companies satisfying their respective needs and provide a roadmap for further efforts in both natural and renewable gas sectors,” said Marcin Chludziński, President of GAZ-SYSTEM.

Mr. Chludziński added the interconnectors launched by GAZ-SYSTEM in 2022, such as the Baltic Pipe or the connection with Lithuania and Slovakia, provide new routes for gas supply to Ukraine. He underlined the Polish party recognize various opportunities to support the Ukrainian market with LNG delivered through the Świnoujście Terminal and the planned FSRU Terminal in Gdańsk.

“The signing of the Memorandum is a symbolic conclusion of our long-term cooperation and also provides another means for Poland to demonstrate its support for Ukraine… GAZ-SYSTEM is our friendly and reliable partner, together with whom we have decided to outline further actions towards strengthening energy security…We would like to thank our Polish partners for their cooperation. Together we are stronger, ” said Pawel Stanczak, acting General Director of GTSOU.

According to Mr. Stanczak, Poland is an example the entire Europe should follow in terms of diversification of energy supply sources, as well as energy and gas independence from the Russian Federation.

Energo Business Magazine’s Reference:

GAZ-SYSTEM put into operation the Świnoujście LNG Terminal in 2016, its current capacity constitutes 6.2 bcm a year. At the beginning of May 2022, the company launched GIPL – gas pipeline between Poland and Lithuania with capacity at 2 bcm a year.

The interconnector Poland-Slovakia with capacity at 4.7-5.7 bcm a year was put into operation on August 26, 2022.

The Baltic Pipe, the pipeline providing gas transportation from Norway through Denmark to Poland, has been into operation since October 1, 2022. Its capacity is 10 bcm a year.