Poland’s pure fuel transmission system operator OGP Gaz System S.A. is buying one hundred pc of the share capital of Fuel Storage Poland sp. z o.o., the operator of the pure fuel storage system within the nation, from Orlen SA.
The acquisition is conditional on the merger approval of the Workplace of Competitors and Client Safety (UOKiK), Gaz System mentioned in a information launch. The monetary particulars weren’t disclosed.
The acquisition will enable Gaz System “additional accountability within the administration of strategic power infrastructure within the fuel market in Poland”, the corporate mentioned. Accountability for fuel storage improvement within the new market mannequin can be assigned to Gaz System, which is solely owned by Poland’s State Treasury.
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Other than working the nation’s fuel transmission system, Gaz System additionally operates its liquefied pure fuel (LNG) terminal and the Polish part of the Yamal transit pipeline, which is a part of an roughly 2,485.5-mile (4,000-kilometer) lengthy fuel pipeline operating from Russia by means of Belarus and Poland to Western Europe.
“The takeover by Gaz System of the corporate that operates the underground fuel storage services will improve the oversight of the strategic fuel infrastructure in Poland”, Gaz System President Sławomir Hinc mentioned. “It would additionally enhance cooperation between the transmission system operator and the storage system operator, which may even translate into larger safety of fuel provide to customers and higher utilization of the present storage capability and its growth”.
The transaction follows the choice of UOKiK’s president concerning the merger of Orlen and Polskie Górnictwo Naftowe i Gazownictwo (PGNiG), in response to the discharge.
Environmental Approval for FSRU Terminal Mission
In the meantime, Gaz System has obtained an environmental allow for its floating storage regasification unit (FSRU) terminal within the Gulf of Gdansk.
The Regional Director for Environmental Safety (RDOŚ) in Gdańsk issued an approval resolution on the environmental circumstances for the mission, permitting the corporate to proceed with the mission’s subsequent steps, in response to an earlier information launch.
Gaz System will implement numerous measures to scale back the environmental affect of the FSRU terminal’s development and operation, together with the trenchless crossing of Stogi seashore for the fuel pipeline connecting the FSRU Terminal with the onshore community. Additional, the offshore part of the fuel pipeline can be laid beneath the seabed, and the jetty itself can be positioned roughly 1.86 miles (three kilometers) from the shore, adjoining to the golf green resulting in the Northern Port, maintaining the terminal’s affect on the panorama and potential noise to a minimal.
“In implementing our initiatives, we stability technological and environmental points. Minimizing the affect on the pure surroundings is a precedence in all our investments, particularly, these carried out in areas of such environmental worth because the Gulf of Gdańsk”, Sławomir Hinc, President of the Gaz System Administration Board, mentioned. “We’ll subsequently do our utmost to scale back the affect of the FSRU Terminal and the offshore fuel pipeline on the surroundings and to protect the panorama of this web site”.
The FSRU will function a liquefied pure fuel (LNG) regasification terminal and can be positioned at a mooring platform close to the shore within the space of the Port of Gdańsk, between the mouths of the Vistula River branches, Śmiała and Martwa.
Based on the corporate’s web site, the FSRU terminal can be designed to supply regasification capability of about 215.4 billion cubic toes (6.1 billion cubic meters) of gaseous gas per yr. The regasification capability may also be elevated relying on market improvement and progress in demand for pure fuel within the nation and area. In August 2023, the complete regasification capability of the FSRU terminal was booked for 15 years.
Gaz System operates main fuel pipelines in Poland and the Baltic Pipe undersea fuel pipeline. The corporate additionally controls the President Lech Kaczyński LNG Terminal in Świnoujście. As a part of its 2015-2025 funding program, it’s creating over 1,242.7 miles (2000 kilometers) of latest fuel pipelines within the western, southern, and jap elements of Poland.
To contact the creator, e mail rocky.teodoro@rigzone.com
