18.10.2010
Slovak-Hungarian Interconnector: New round of the binding phase of the Open Season with updated conditions
Eustream and FGSZ are pleased to announce the re-launch of the binding phase of the Open Season process for the planned interconnection between the Slovak and Hungarian gas transmission systems.
The second round of the binding phase of the Open Season is the follow-up to the process started in the first half of 2010. After the first evaluation of submitted binding bids and extensive consultations, the conditions of the project were updated in several aspects in order to accommodate market needs and enable the successful implementation of the project.
Applicants can benefit from the changed rules for financial guarantees and greater flexibility in the definition of lot duration. The gas pipeline is expected to be put into operation at the beginning of 2014.
The re-launched binding phase of the Open Season is open for applicants registered in both the non-binding and the binding phase, and also for other companies interested in transmission capacity in the new Slovak-Hungarian interconnector. Participants can submit their binding bids for transmission capacity from 15 October till 8 December. Eustream and FGSZ will evaluate the bids and publish the results of the re-launched binding phase of the Open Season at the end of December 2010.
You can get more information by visiting the websites www.eustream.sk and www.fgsz.hu.
The second round of the binding phase of the Open Season is the follow-up to the process started in the first half of 2010. After the first evaluation of submitted binding bids and extensive consultations, the conditions of the project were updated in several aspects in order to accommodate market needs and enable the successful implementation of the project.
Applicants can benefit from the changed rules for financial guarantees and greater flexibility in the definition of lot duration. The gas pipeline is expected to be put into operation at the beginning of 2014.
The re-launched binding phase of the Open Season is open for applicants registered in both the non-binding and the binding phase, and also for other companies interested in transmission capacity in the new Slovak-Hungarian interconnector. Participants can submit their binding bids for transmission capacity from 15 October till 8 December. Eustream and FGSZ will evaluate the bids and publish the results of the re-launched binding phase of the Open Season at the end of December 2010.
You can get more information by visiting the websites www.eustream.sk and www.fgsz.hu.
The Memorandum of Understanding on the establishment of the new gas line was signed by Eustream and FGSZ in June 2009. The planned pipeline should cover a length of approximately 115 kilometres. It will connect up the high-pressure system located at Veľké Zlievce with the Hungarian transmission network near the village of Vecsés in the suburbs of Budapest.
The additional cross-border capacity will increase gas market liquidity and also improve the future security of gas supply for the Central European region. Thanks to the new interconnection Slovakia could in future also be connected to prepared European gas projects like Nabucco, South Stream or the LNG terminal in Croatia.
The project of interconnecting Slovakia with Hungary will be partially supported by funding from the European Energy Programme for Recovery (EEPR).
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The additional cross-border capacity will increase gas market liquidity and also improve the future security of gas supply for the Central European region. Thanks to the new interconnection Slovakia could in future also be connected to prepared European gas projects like Nabucco, South Stream or the LNG terminal in Croatia.
The project of interconnecting Slovakia with Hungary will be partially supported by funding from the European Energy Programme for Recovery (EEPR).