Submission Bid Deadline for the Gas Interconnection Poland - Lithuania Pipeline Project Extended

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Submission Bid Deadline for the Gas Interconnection Poland - Lithuania Pipeline Project Extended

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GAZ-SYSTEM S.A. and AB Amber Grid, the Polish and Lithuanian gas transmission operators and principals behind the Gas Interconnection Poland-Lithuania (GIPL) project, have jointly agreed to extend the submission date of the Capacity Requests Forms for the Non-Binding phase of the Open Procedure, which began 31 July 2015, to 31 August 2015.

During the Non-Binding phase of the Open Season procedure the Polish and Lithuanian gas transmission system operators seek to estimate the market participants’ demand for the firm capacity at the Entry/Exit Point Poland – Lithuania of the GIPL in both directions of the gas flow.

The outcome of this phase of the Open Season Procedure will result in respective decisions on launching the Binding Open Season Procedure, where the binding orders on capacity booking will be collected.

The main aim of the Gas Interconnection Poland – Lithuania Open Season Procedure is to identify confirmed market interest in the long-term use of the pipeline capacity as well as to define the optimal way of financing of the project.

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