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The Binding Phase of the Open Season Procedure launched to sell the capacity of the Hungarian section of the SK-HU Interconnector has been closed today.

FGSZ Natural Gas Transmission Closed Company Limited by Shares hereby informs the companies taking part in the Binding Phase of the Open Season Procedure launched to sell the capacity of the Hungarian section of the SK-HU Interconnector that the evaluation of the received binding bids has been completed.

Altogether 7 companies submitted binding bids for the capacity offered to sell with several lot durations and lot sizes.

The summed up demand falls significantly bellow the minimum booking requirement stated in the point 5.3. of the document titled „SK-HU Interconnector, Hungarian Pipeline Open Season Procedure Binding Bid”  in each year over the published term of 20 years.

Based upon the above FGSZ Ltd. declares the Open Season procedure unsuccessful and invalidates it.

Nevertheless, FGSZ Ltd. will analyse further alternatives to have the SK-HU Interconnector project potentially financed and constructed in another way.

FGSZ Ltd. renders thanks to all bidders and other interested companies who participated in the Open Season procedure.

For further related information please visit the website www.eustream.sk.

Open_season_diagramm.bmp

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