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Eustream and FGSZ conclude another phase of the Slovak – Hungarian gas connection

Bratislava – The largest carrier of Russian natural gas in the European Union, eustream, a.s. (Eustream) together with the Hungarian FGSZ, concluded another phase of the planned construction of interconnection between the transmission networks of Slovakia and Hungary. Fifteen companies have expressed interest in using this gas connection.

The objective of the non-binding phase of the open season was to provide a platform market participants to express interest in the new connecting gas pipeline between the Slovak town of Veľké Zlievce and Hungarian town of Vecses. Eustream and FGSZ evaluated all the requirements from 15 prospective clients registered by 15 December 2009. 

The peak capacity covered by non-binding requests in both flow directions total approximately 6 billion m3 a year (of which approximately 70% in the direction from Slovakia to Hungary and 30% in direction from Hungary to Slovakia).

“The non-binding phase of the open season clearly proves that there is significant market interest. We view this very positively and we are looking forward to the binding phase of the process”, said Andreas Rau, Chairman of the Board of Directors of Eustream.

The next step leading towards constructing the gas pipeline connection will be the binding phase, in which the registered applicants from the non-binding phase, as well as new applicants, registering in the binding phase, will be able to submit their binding offers for required capacity in the planned gas pipeline. The binding phase starts in March 2010. Detailed information is published both companies’ websites (www.eustream.sk and www.fgsz.hu).

For further details please visit our link here!

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