HGS Interruptible Injection and Withdrawal Capacity Service Offer

Hungarian Gas Storage Ltd (HGS) issues today a call for tenders for booking interruptible injection and withdrawal storage capacities for the storage year 2022/2023.

HGS considers this capacity offer as a one-time offer and does not guarantee that capacities will also be offered under the same terms and conditions in the future.

Quantity, period and price of the interruptible injection and withdrawal capacities offered:

System Users are eligible to use the Interruptible Injection and Withdrawal Capacity Service (Service) only if they have firm injection and withdrawal capacities in the period for which the Service is announced.

The Service allows the System User to use interruptible injection and withdrawal capacities up to the triple amount of the firm injection and withdrawal capacity specified in the System User’s contract(s).

Start of the Usage Period:                  01 April 2022, 06:00

End of the Usage Period:                   01 April 2023, 06:00

Service fee:                                           0.176 HUF/kWh (as per the applicable Fee List)

The Service fee shall be paid on the basis of the actual Interruptible Injection and Withdrawal Capacity Service usage (allocated volume), that is on the basis of the actual quantities so injected and withdrawn (kWh/day).

The request shall be indicated on the nomination platform by submitting the nomination.

Evaluation, interruption of interruptible capacity requests:

HGS shall accept the System Users’ interruptible injection and withdrawal capacity booking requests on a first-come, first-served basis.

In case of interruption, HGS will interrupt the simultaneously used interruptible injection and withdrawal capacities of the Service based on the nominations submitted, applying the pro rata principle.

HGS reserves the right to revoke this Offer announcement notice without justification.

The Product Description (Annex No. 1) and the Contract Template (Annex No. 2) shall form an inseparable part of this Offer announcement.

Should you have any questions, please contact our colleagues:

horvathh@mfgt.hu (00 36 30 748 9971), tothd@mfgt.hu (00 36 20 236 1972)

Budapest, 22 February 2022

Annexes:

Annex No. 1:   Product Description

Annex No. 2:   “Contract on Providing Interruptible Injection and Withdrawal Capacity Service” contract template

Annex No. 3:   SMCS Users’ Manual